EU slaps extra tariffs of up to 35% on China EVs, risking Beijing’s backlash

Quick Summary:

They come on top of the current 10 per cent tax on imports of EVs vehicles from China.

It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.

Germany's economy ministry said on Oct 29 that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaGermanyUnited States

Topics: Trade Tariffs China European Imports Cent Beijing Chinese Duties Vehicles First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 00:54:59 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 855 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23334331

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