China has filed an official complaint against the European Union (EU) at the World Trade Organization (WTO) over new tariffs placed on electric vehicles (EVs) made in China. This dispute, now set to play out on the global stage, could have big consequences for the world’s EV industry and the ongoing trade tensions between major economies.
Here’s what’s happening: Last week, the EU announced that it would be charging an extra 8% to 35% on Chinese electric cars imported into Europe. This decision came after a year-long investigation by Brussels, where officials claimed that China’s government was unfairly helping its EV manufacturers with subsidies, allowing them to sell their cars at lower prices that European automakers can’t compete with. These new tariffs add to the EU’s usual 10% tax on imported cars, meaning Chinese EVs will now face much higher costs to reach European customers.
China’s Ministry of Commerce quickly responded, saying it “firmly opposes” these tariffs and...
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