EU hits China with big taxes in electric car sales battle

Quick Summary:

The vote risks sparking a trade war as the EU looks to protect its own car makers.

The EU imposed import tariffs of varying levels on different Chinese manufacturers in the summer, but Friday's vote was to decide if they were implemented for the next five years.

Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states backed the plans.

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Article Details

Category: Business

Markets: United KingdomChinaFranceGermanyItalyJapanNetherlandsPoland

Topics: China Electric Tariffs European Vehicles Cars Trade Industry Been Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 15:35:09 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 888 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22916540

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Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

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News Last Updated: 13 hours ago

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