Trade Tensions Escalate as EU Imposes New EV Levies
China has slammed the European Union's decision to slap provisional tariffs of up to 37.6% on Chinese electric vehicles (EVs), calling the move 'harmful' to global trade. The Chinese Ministry of Commerce urged the EU to resolve disputes through dialogue, with spokesperson He Yangdong stating: 'Protectionism benefits no one.'
Why It Matters
The EU claims Chinese EV makers receive unfair state subsidies – a claim Beijing denies. But even within Europe, automakers like BMW and Germany's auto industry group are warning the tariffs could backfire, hurting supply chains and partnerships.
What’s Next?
Teams from both sides are in talks to find a compromise before tariffs finalize in 4 months
Analysts fear consumer prices could rise globally if the trade spat continues
The EV sector – a key battleground for climate goals – risks losing momentum
As the clock ticks, the world watches whether two economic giants can avoid a full-blown trade war.
The Chinese Ministry of Commerce urged the EU to resolve disputes through dialogue, with spokesperson He Yangdong stating: 'Protectionism benefits no one.'
Teams from both sides are in talks to find a compromise before tariffs finalize in 4 months
Analysts fear consumer prices could rise globally if the trade spat continues
The EV sector – a key battleground for climate goals – risks losing momentum
