Reported 3 days ago
The European Union has decided to impose significant tariffs on electric vehicles manufactured in China, ranging up to 45%, despite opposition from Germany. This decision came after a vote where 10 member states supported the tariffs while five opposed them. The EU aims to counter perceived unfair Chinese subsidies and plans to maintain dialogue with Beijing. The tariffs could adversely affect prices for consumers and intensify trade tensions between the EU and China, especially as domestic producers strengthen their position in the market.
Source: YAHOO