Reported 12 months ago
EU countries, particularly Germany and France, are undecided on supporting additional tariffs on Chinese electric vehicles as the trade dispute between the EU and Beijing intensifies. While Germany, heavily reliant on car sales in China, opposes the tariffs, France and some other countries are in favor. The EU is set to decide on provisional duties on Chinese EV brands like BYD and Tesla in the coming weeks, with various EU member states still deliberating their stance. The tariffs could have significant negative effects on automakers and consumers, potentially hindering the EU’s carbon-neutral goals by 2050 and leading to retaliatory measures from Beijing. The EU's decision will have broader implications on its future trade relations with China.
Source: YAHOO