EU Faces Decisive Vote on Tariffs for Chinese EVs Amidst Trade Tensions
The EU is set to vote on imposing tariffs on Chinese electric vehicles, with potential these tariffs reaching up to 45%. Amidst concerns of Beijing's retaliation, member states like France, Greece, Italy, and Poland support the tariffs, while Germany remains opposed due to economic interests.
European Union members are gearing up for a crucial vote on Friday regarding the implementation of hefty tariffs on Chinese-made electric vehicles. The decision, one of the bloc's most significant trade cases, could attract countermeasures from Beijing.
The European Commission's proposal of up to 45% tariffs for five years targets what it identifies as unfair Chinese subsidies following an extensive investigation. A qualified majority is required to block the proposal, with current support from France, Greece, Italy, and Poland minimizing the risk of such an outcome.
Despite likely backing, opposition remains. Germany, a prominent opponent and top car producer in the region, along with vocal German carmakers, argues against the tariffs. The debate underscores the EU's balancing act between defending its trade interests and diplomatic relations with China.
(With inputs from agencies.)
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