Why Germany, Hungary oppose the EU’s new tariffs on Chinese EVs
The European Union has hiked tariffs for EVs imported from China, drawing reproach from Beijing and some of its own member states, including Germany, Sweden, and Hungary. The tough new tariffs range between 17.4% and 38.1%, on top of the existing import duty of 10%. If the EU enforces these provisional measures, Chinese EVs are set to become significantly more expensive in the bloc. For Brussels, the tariffs are a bid to level the playing field and protect European carmakers from cheap Chinese imports. But some EU member states and automakers fear that the measures could do more harm than…This story continues at The Next Web
The European Union has hiked tariffs for EVs imported from China, drawing reproach from Beijing and some of its own member states, including Germany, Sweden, and Hungary. The tough new tariffs range between 17.4% and 38.1%, on top of the existing import duty of 10%. If the EU enforces these provisional measures, Chinese EVs are set to become significantly more expensive in the bloc. For Brussels, the tariffs are a bid to level the playing field and protect European carmakers from cheap Chinese imports. But some EU member states and automakers fear that the measures could do more harm than…
This story continues at The Next Web