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Brussels, Belgium — The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of “unfair” state subsidies, despite Beijing’s warnings the move would unleash a trade war.
which Brussels wants to shield as they make the transition from thermal to electric power.
The Chinese Chamber of Commerce to the EU slammed the tariffs, coming on top of current import duties of 10 percent, as “politically-motivated” and “protectionist”, while voicing hope the dispute could yet be resolved through dialogue.
Europeans themselves are split on the move, with Germany and its homegrown auto champions, who do significant trade with China, fearing it will do more harm than good if it leads to a clampdown on EU exports as Beijing has already threatened.
German auto giant Volkswagen slammed the move as “detrimental” while the head of BMW said the tariff battle “leads to a dead end”.
