EU Imposes Tariffs on Chinese Electric Vehicles Amid Trade Dispute
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.
Related news on that topic:
The press radar on this topic:
China urges EU to ‘meet halfway’ on electric vehicle dispute
Chinese EV makers bypass EU and US tariff roadblock by turning towards Africa | South China Morning Post
IfW Researchers on E-Car Tariffs "I don't expect a trade war"
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