Hungary’s top diplomat has called the EU’s decision to impose tariffs on Chinese electric vehicles (EVs) a 'harmful' move that risks backfiring on Europe’s economy. 🛑 Speaking at the Istanbul Energy Forum, Foreign Minister Péter Szijjártó criticized the 'anti-democratic' policy, noting only 10 of 27 EU member states supported it.
'We need more cooperation with China, not less,' Szijjártó declared, highlighting Hungary’s booming ties with Chinese investors in tech and green energy sectors. 🔋💡
Why It Matters 🌍
The EU’s tariffs—up to 45.3% on Chinese EVs—aim to protect European automakers but have sparked backlash. Critics argue they could slow the green transition, raise prices for consumers, and strain EU-China relations. 🔌
Meanwhile, China and the EU are in talks to resolve the dispute. A Chinese Commerce Ministry spokesperson recently noted progress in negotiations, signaling hope for compromise. 🤝
The takeaway? As global trade tensions heat up, Hungary’s bold stance reflects growing divides within the EU on how to engage with China’s rising economic clout. ⚖️
