⚡ The European Union is gearing up to roll out tariffs on Chinese electric vehicles (EVs) amid growing concerns about competition, a top EU policy expert revealed at the 2024 Bund Summit in Shanghai. Daniel Gros, director of the Centre for European Policy Studies, told CGTN the move is likely to be approved – but he also dropped a truth bomb: China’s EV giants might not even blink. 💥
Why? Chinese automakers like BYD and NIO have a massive cost advantage, thanks to advanced supply chains and tech innovation. 🌐🚀 Gros warned the tariffs might barely make a dent in their global rise. \"The impact will be limited,\" he said, hinting at a rocky road ahead for Europe’s green mobility ambitions.
🔍 What’s next? Analysts say this could spark a high-stakes trade showdown, with China likely to respond strategically. Meanwhile, young professionals and eco-conscious drivers worldwide are watching closely – will cheaper, cutting-edge EVs stay within reach? 🤔
