EU’s Looming Vote on Hiking Tariffs on Chinese EVs Sparks Retaliatory Threats from Beijing: A Tug of War in Global Trade

Electric vehicles from China could be hit with increased tariffs of up to 45% in the EU, following a vote on Friday. China, however, refutes any accusations of unfair practices and has warned that it may respond with its own tariffs on European goods like milk products, brandy, and pork.

The constituent nations have been given a preliminary version of the rules for the suggested actions, according to sources. The decision-making process among the coalition's member nations was slightly postponed due to eleventh-hour discussions with Beijing in an attempt to arrive at a solution that would avert the implementation of the new tariffs.

Conversations can persist between the two parties even if tariffs are implemented by member nations, as formerly mentioned by Bloomberg. The individuals, who wished to remain unnamed, stated that the new timeline could possibly be altered.

The decision follows an investigation by the European Commission, the administrative branch of the EU, which discovered that China is unjustly supporting its electric vehicle industry. It has been suggested that import duties are necessary to prevent European makers from being competitively disadvantaged.

China refutes any allegations of unjust practices, and has warned of imposing reciprocal tariffs on European goods including milk products, brandy, pork, and large-engine automobiles.