The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat

📆 12/06/2024 07:11:00
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BRUSSELS (AP) — The European Union threatened Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers.

BRUSSELS — The European Union threatened Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers.

The commission said it reached out to Chinese authorities to discuss the findings of its investigation into the subsidies and “explore possible ways to resolve the issues.” Electric cars are the latest flash point in a broader trade dispute over what Brussels says is China's unfair state support for green tech exports that also include solar panels, batteries and wind turbines.

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