11:26 - 4.06.2024

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June 4, Fineko/abc.az. Recently, the European Union has been closely monitoring Chinese manufacturers regarding tax increases.

ABC.AZ reports that a decision on the occasion will be made during this month.

This situation, of course, annoys China. In fact, they have recently had “threats” regarding taxes in the EU and the U.S. On the other hand, according to some experts, Chinese manufacturers will not be affected by the increase in taxes in the EU.

It is reported that the profit margin of these manufacturers is very high, so they can continue to offer competitive prices despite such financial sanctions.

Experts expect that in accordance with the EU decision, a tax of about 30% will be introduced. However, Chinese manufacturers are reportedly strong enough to handle even a tax of about 50 percent.