‘Unfair competition’: EU announces tariffs on Chinese electric cars
The EU has long talked about unfair competition from China. After a nine-month probe, Brussels announced additional tariffs on Chinese electric vehicles, establishing that those cars have benefited heavily from “unfair subsidies”, which pose a threat electric vehicle producers in Europe. Beijing has accused the EU of “naked protectionism” which it said will harm relations and undermine global efforts on climate change. Seeking to “de-risk” from China, the EU, is focused on boosting its own auto industries as it transitions to greener energies.
The EU has long talked about unfair competition from China. After a nine-month probe, Brussels announced additional tariffs on Chinese electric vehicles, establishing that those cars have benefited heavily from “unfair subsidies”, which pose a threat electric vehicle producers in Europe. Beijing has accused the EU of “naked protectionism” which it said will harm relations and undermine global efforts on climate change. Seeking to “de-risk” from China, the EU, is focused on boosting its own auto industries as it transitions to greener energies.
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