We donโt want your EVs, Brazil tells EU as trade talks hit crunch time
Attempt to fend off influx of Chinese electric vehicles puts chances of EU-Mercosur trade accord at the November G20 summit in doubt.
Attempt to fend off influx of Chinese electric vehicles puts chances of EU-Mercosur trade accord at the November G20 summit in doubt.
The UK is mulling an alternative strategy to its allies that could lead to a surge of imports of Chinese EVs.
Announcement will come as a relief to French cognac makers.
Germany is starting to distance itself from China, but the auto industry isnโt so keen.
Beijing claims Europe is creaming off fat profits from oversubsidized cheese.
The European Commission said Tuesday it plans to slap five-year import duties on Chinese electric cars, unless Beijing can offer an alternative solution to the trade row over state subsidies.
By cementing the duties, Brussels is holding its ground against Chinese โย and German โย opposition.
One day before the preliminary application of tariffs on electric cars from China, due on Thursday (4 July), Germanyโs main car industry lobby VDA called on the EU to pull back on the tariffs, arguing that they will do more harm than good.
German Chancellor Olaf Scholz voiced hope on Monday (24 June) that EU and Chinese negotiators will reach a deal on electric vehicle (EV) tariffs before 4 July – the day European duties on Chinese carmakers are meant to come into effect.
Budapestโs friendly ties with Beijing run contrary to Brusselsโ de-risking efforts.