Xi Jinping greets EU Council president ahead of EV tariffs taking effect

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Xi Jinping greets EU Council president ahead of EV tariffs taking effect - Business Standard

Quick Summary:

It will fall to Costa, a former Portuguese prime minister, to find common cause among the Council's 27 member states, as they waver over whether to back the Commission on the EV tariffs in an advisory vote in coming weeks.

EU trade policy has turned increasingly protective over concerns that China's production-focused development model could see it flooded with cheap goods as Chinese firms look to step up exports amid weak domestic demand.

Almost all EU brandy exports to China came from France last year, Chinese customs data shows.