The European Union has voted to impose tariffs of up to 45% on electric vehicles produced in China, a decision that has been described as part of an 'economic cold war' by Hungary's Prime Minister Orbán. The move comes as part of broader efforts to protect European car manufacturers from a surge of cheaper imports. While member states largely supported the tariffs, Germany's Chancellor Scholz has voiced opposition, raising concerns about potential retaliation from China. The EU plans to continue negotiations with China regarding the issue even after the final vote, reflecting ongoing tensions in trade relations. Key stakeholders, including BMW, have urged careful consideration of the tariffs, indicating that the conflict over EV imports could escalate into a more significant trade war.