Author: Jennifer Rankin

The European Commission imposed tariffs on Chinese electric vehicles, causing concerns about retaliation from Beijing. Despite this, EU’s trade official, Valdis Dombrovskis, remains confident in ongoing talks with China. The tariffs, ranging from 17.4% to 37.6%, aim to address unfair subsidies from Beijing, which European carmakers like Volkswagen criticize. However, Stellantis is focused on competitiveness rather than defense. The EU initiated these measures following an investigation that highlighted Chinese industry subsidies, threatening Europe’s electric car market. China, also investigating EU imports, highlights escalating trade tensions. Meanwhile, German officials seek an amicable solution but acknowledge the need for Chinese cooperation. Despite…