News-News.Zip

News in English (USA) / 30.10.2024 / 14:00

EU Imposes Tariffs on Chinese Electric Vehicles, Sparking Tensions

The European Union has officially imposed tariffs of up to 35.3% on electric vehicles imported from China, following failed trade negotiations between the two parties. This decision has escalated tensions, with China expressing strong discontent and moving to file a complaint with the World Trade Organization (WTO) against the new duties. In response to the tariffs, China has reportedly urged its automakers to pause their investments in EU countries that support these duties, highlighting increasing concern over the trade conflict. As discussions between the EU and China continue, both sides are exploring possible alternatives to mitigate the impact of the tariffs. The situation remains fluid, with potential for further developments as the trade war intensifies.
The Associated Press, The New York Times, Reuters, Al Jazeera English, CNBC, Euronews, Electrek.co, South China Morning Post, Bloomberg, FRANCE 24 English