Hold onto your charging cables, folks! ⚡ The European Union’s decision to impose heavy tariffs on Chinese electric vehicles (EVs) has sparked a high-voltage trade clash—and both sides could get burned, warns China’s top trade promoter.
Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), called the EU’s move a “clear violation” of World Trade Organization rules. 💼🌐 “These tariffs hurt Chinese businesses and the EU’s own economy,” he said, likening the situation to “shooting yourself in the foot while trying to win a marathon.” 🏃♂️💥
With China dominating 60% of global EV production, this isn’t just about cars—it’s a power struggle over clean tech leadership. 🌱🔋 Analysts worry the tariffs could slow Europe’s green transition while raising prices for eco-conscious consumers. 💸🌍
As trade tensions rev up, young professionals and climate advocates are watching closely: Will this stall the race to net-zero? 🚗💨 Stay plugged in for updates! 🔌
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CCPIT chairman: EU's tariffs on China's EVs detrimental to both sides
cgtn.com