EU Uncertainty on Chinese EV Tariffs Amid Escalating Trade Tensions

EU governments, notably Germany and France, are at odds over whether to implement additional tariffs on Chinese electric vehicles, with Germany's car industry lobby urging to drop the tariffs to prevent hindering electromobility progress. The planned tariffs are meant to counter alleged unfair subsidies for Chinese car manufacturers.

Meanwhile, Canadian government considers blocking Chinese EVs to protect its market, and Chinese firms eye Morocco to benefit from US subsidies. The EU accession candidates are also concerned about potential tariffs on electricity exports to the EU.

Overall, the global trade landscape is fraught with escalating tariff duels, particularly centered around China, as data indicates a rise in anti-dumping investigations and retaliatory measures.