The EU has approved tariffs of up to 45% on Chinese electric vehicles, raising concerns over a potential trade war.
The European Commission has received enough support from EU member states to impose hefty tariffs of up to 45% on imports of electric vehicles from China, the EU’s executive arm said on Friday, as fears of an EU-China trade war intensify. On Friday, the Commission’s proposal to impose definitive duties on imports of battery electric vehicles BEVs from China “has obtained the necessary support from EU Member States for the adoption of tariffs,” the European Commission said.
Germany and Spain have recently voiced their opposition to the tariffs, fearing an all-out trade war with China with potential retaliatory Chinese tariffs on EU cars, pork, dairy, and brandy. The current duties, in effect from July 5, are provisional and for a maximum period of four months.
Chinese Evs Trade War European Commission Anti-Subsidy Duties Electric Vehicles German Automakers EU-China Trade Tariffs On Imports EU Policy.
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