Reported 28 days ago
The European Union will start imposing duties on electric vehicle imports from China due to failed trade negotiations, escalating tensions over Chinese subsidies affecting the European market. The tariffs, which will remain for five years unless an alternative solution is reached, range from 7.8% for Tesla to 35.3% for state-owned SAIC vehicles. This move has faced criticism, particularly from Germany, where there are concerns about its impact on free trade and the auto industry.
Source: YAHOO