3️⃣ *EU countries have given a definitive green light to hefty additional tariffs on electric cars made in China,* despite strong opposition led by Germany and fears it will spark a trade war with Beijing.
*The European Commission* -- which provisionally approved the step in June after an inquiry found Beijing's state aid to auto manufacturers was unfair -- *now has free rein to impose steep tariffs for five years from the end of October.*
*Ten member states including France, Italy and Poland supported imposing the tariffs of up to 35.3%,* coming on top of existing duties of 10%, several European diplomats told AFP.
*Only five including Germany and Hungary voted against,* while 12 abstained including Spain and Sweden.
*The European Commission* -- which provisionally approved the step in June after an inquiry found Beijing's state aid to auto manufacturers was unfair -- *now has free rein to impose steep tariffs for five years from the end of October.*
*Ten member states including France, Italy and Poland supported imposing the tariffs of up to 35.3%,* coming on top of existing duties of 10%, several European diplomats told AFP.
*Only five including Germany and Hungary voted against,* while 12 abstained including Spain and Sweden.
3️⃣ *EU countries have given a definitive green light to hefty additional tariffs on electric cars made in China,* despite strong opposition led by Germany and fears it will spark a trade war with Beijing.
🇪🇺 🇨🇳 *The European Commission* -- which provisionally approved the step in June after an inquiry found Beijing's state aid to auto manufacturers was unfair -- *now has free rein to impose steep tariffs for five years from the end of October.*
🚗🔌 *Ten member states including France, Italy and Poland supported imposing the tariffs of up to 35.3%,* coming on top of existing duties of 10%, several European diplomats told AFP.
*Only five including Germany and Hungary voted against,* while 12 abstained including Spain and Sweden.
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