EU slaps tariffs of up to 35.3% on Chinese electric cars

The European Union has implemented significant tariffs on Chinese-made electric cars following an anti-subsidy investigation that found China's support for its automakers undermines European competitors. The additional taxes have faced strong opposition from Germany and Hungary, with Germany's main auto industry association expressing concerns that they may lead to a broader trade conflict. The tariffs, which will be applied in addition to the existing 10% import tax on electrifiers, have been criticized by China, which views them as unfair and protectionist. The Chinese government has previously accused the EU of engaging in "unfair, non-compliant and unreasonable protectionist practices."