Sweden Opts Out of EU Tariff Vote on Chinese Electric Vehicles

Sweden has announced its decision to abstain from the European Union's vote on imposing provisional tariffs on Chinese electric vehicles. The EU is planning tariffs up to 37.6%, which is expected to escalate tensions with China. A final vote will follow to confirm the tariff proposal.

Sweden has declared its intention to abstain from Monday's European Union vote regarding provisional tariffs on Chinese electric vehicles, according to Johan Forssell, the Minister for International Development Cooperation and Foreign Trade.

The European Union aims to impose tariffs as high as 37.6% on EVs imported from China. This move is expected to heighten trade tensions between the EU and Beijing, marking the largest trade case handled by the EU to date.

Although the initial vote is non-binding, it will be succeeded by a final vote. The European Commission will adopt the tariff proposal unless a qualified majority opposes it.

(With inputs from agencies.)