EU Enforces Tariffs on Chinese EVs Amid Growing Trade Tensions

The European Union is imposing tariffs up to 45.3% on Chinese-built electric vehicles following a significant trade investigation, creating tensions with Beijing. The decision aims to counter unfair subsidies and impacts several major car manufacturers while affecting EU-China trade dynamics.

The European Union has announced a substantial increase in tariffs on Chinese electric vehicles, with rates reaching as high as 45.3%.

This landmark decision follows a divisive trade investigation and may lead to retaliatory actions from China.

The tariffs target perceived unfair subsidies and significantly impact automotive trade between Europe and China.

(With inputs from agencies.)