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

FILE - Visitors look at cars at the BYD booth during the China Auto Show in Beijing, China, Friday, April 26, 2024. The European Union threatened on Wednesday, june 12, 2024, 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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European Union announces higher tariffs of up to 38% on Chinese EVsThe EU on Wednesday said it would impose higher tariffs on Chinese electric vehicles from next month as trade tariffs between the West and China come to a head.
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