EU's New Tariffs on Chinese EVs Stir Debate and...
China News
November 6, 2024
The European Union's recent decision to impose higher tariffs on Chinese-made electric vehicles (EVs) has sparked concerns across Europe. The new tariffs, which came into effect at the end of October, impose up to 35.3% duties on certain Chinese EVs, adding to the existing 10% car import tax. While EU officials argue that the move is intended to create fairer competition for European automakers, industry experts warn that it could lead to retaliatory actions.