European Union announces higher tariffs of up to 38% on Chinese EVs
Publishing timestamp: 2024-06-12 13:34:01
Summary
The European Union is imposing higher tariffs on Chinese electric vehicles due to unfair subsidies, posing a threat to EU producers. The tariffs will be based on cooperation with the investigation, with rates varying for different companies. The move has sparked debate among EU countries, with France advocating for higher duties and Germany expressing concerns about a potential trade war. The tensions between EU and China over EVs have been growing, with accusations of subsidies and dumping practices. The U.S. has also raised tariffs on imported EVs from China.
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Keywords: breaking news: asia, trade, business news, elon musk, tesla inc, china, breaking news: europe, climate, vehicle sales, electric vehicles, electric vehicle manufacturing,