The European Commission dropped a trade bombshell this week 💥, proposing tariffs of up to 36.3% on electric vehicles made in the Chinese mainland. Even Tesla's Shanghai-made cars face an extra 9% duty – talk about a plot twist for Elon Musk's EV empire! 📉
China’s Ministry of Commerce fired back, calling the move \"protectionist\" and arguing the EU cooked up its own \"facts\" without proper consultation. It’s like when two friends plan a trip but only one picks the destination 🧳 – except this clash could reshape the $58B global EV market.
Experts say this could trigger a trade war sequel nobody asked for 🍿. With Chinese EVs already dominating 60% of global sales, will Europe’s gamble protect local automakers… or backfire by slowing green tech adoption? 🔌🌏 The next chapter drops when EU members vote this fall.
Reference(s):
cgtn.com