The EU and China are on the verge of a trade war over electric vehicles
The EU plans to impose tariffs of up to 45% on Chinese electric vehicles, which could provoke retaliatory measures from China and trigger a trade war.
What's happening? The EU is preparing to impose up to 45% tariffs on Chinese electric vehicles to protect its industry. But experts warn that such a move could lead to a trade war. China's possible response: Duties on luxury cars: brands such as Porsche, Mercedes, BMW may face new tariffs. Tariffs on European products: pork, dairy products and wine can also come under attack. EU factory support: China may strengthen investments in the EU to circumvent tariff barriers. There are 292 billion euros at stake: the EU's trade deficit with China reached this amount in 2023.
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