EU approves additional tariffs on Chinese electric cars amid trade war concerns
EU countries have approved additional tariffs of up to 35.3% on Chinese-made electric cars, despite opposition from Germany and concerns about triggering a trade war with Beijing. The European Commission found that China’s state subsidies to its auto manufacturers were unfair, leading to the imposition of these tariffs, which will take effect for five years starting in late October. The decision saw 10 member states, including France and Italy, supporting the tariffs, while Germany, Hungary,…