LONDON DAILY ARCHIVE
EU-Countries Approve Duties on Chinese Electric Vehicles
German Resistance Overcome as EU Moves Forward with Tariffs
30 October 2024 · 17:53 UTC
The EU member states have agreed, allowing the European Commission to impose tariffs of up to 35.3 percent.
German Chancellor Olaf Scholz initially led a 'no' vote from Germany, fearing economic repercussions, but the German stance did not sway the other EU countries.
This decision is part of a broader context of trade tensions, including recent Chinese tariffs on EU brandy, seen as a response to the EU's moves against Chinese EVs. The situation highlights ongoing trade frictions which could escalate between the EU and China.