Beijing is firing back against new EU tariffs on Chinese electric vehicles (EVs) in a major clash that's sparking worries about a global trade war . The Chinese Ministry of Commerce accused the EU of 'protectionist behavior' after Brussels proposed temporary duties of up to 38.1% on imported EVs this week.
Here's the breakdown:
BYD faces 17.4% tariffs, Geely 20%, and SAIC 38.1%
EU claims subsidies give Chinese EVs an 'unfair advantage'
China calls ruling 'baseless' under WTO rules
'This isn't just about cars—it's about climate action,' a ministry spokesperson stated, arguing the tariffs could slow Europe's green transition . They warned the move would 'destabilize global supply chains' and hurt EU consumers' wallets.
The timing couldn't be more awkward . Just weeks after Chinese and EU leaders pledged cooperation, this decision threatens to derail diplomatic progress. Beijing now demands urgent talks to resolve the standoff.
Why it matters: China dominates 60% of global EV production. With climate goals at stake, this trade battle could impact everything from lithium prices to your future electric commute.
. The Chinese Ministry of Commerce accused the EU of 'protectionist behavior' after Brussels proposed temporary duties of up to 38.1% on imported EVs this week.
Here's the breakdown:
. They warned the move would 'destabilize global supply chains' and hurt EU consumers' wallets.
Why it matters: China dominates 60% of global EV production. With climate goals at stake, this trade battle could impact everything from lithium prices to your future electric commute.
