EU Imposes Tariffs on Chinese EVs Amid Trade Tensions
The European Commission plans to impose up to 45% tariffs on Chinese electric vehicle imports, following an investigation into unfair subsidies. Despite opposition, the move received enough support. Talks with Beijing continue, as Germany opposes the tariffs and warns of potential trade conflicts.
The European Commission has secured enough support from EU countries to impose tariffs as high as 45% on electric vehicle imports from China. This decision represents one of the bloc's most significant trade cases, aimed at addressing alleged unfair subsidies by Beijing.
In a critical vote on Friday, ten EU member states supported the imposition of tariffs, while five were against and twelve abstained. France, Italy, and Poland were among those in favor. A qualified majority of opposition would have been needed to block the measure.
The Commission remains open to negotiating with Beijing, despite the decision. Some EU automotive leaders expressed concern over potential trade conflicts, as Germany voted against the tariffs. Meanwhile, China has started investigating European imports, suggesting a retaliatory stance.
(With inputs from agencies.)
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