The European Union has taken a firm stance against Chinese electric vehicle manufacturers by implementing provisional tariffs to counter alleged unfair subsidies distorting trade. The move, which affects prominent players like BYD and Geely, aims to protect EU automakers such as BMW and Volvo.
Despite negotiations at the highest levels, no compromises have been reached, with the punitive tariffs set to be finalized by November. As tensions escalate, China has responded with its own investigations into EU imports, hinting at a potential trade war.
Amid the discord, Chinese EV makers are exploring alternative markets in Africa to bypass EU and US tariff barriers.
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