Sunday, October 6, 2024 - 3:53 pm
HomeBreaking NewsThe EU will impose fines on electric cars from China

The EU will impose fines on electric cars from China

The European Union (EU) has decided to impose penalty duties on electric cars imported from China.

Oku.Az This is reported by the DPA agency (Deutsche Presse-Agentur).

It should be noted that the European Commission has imposed a tax of up to 35% on Chinese cars.

Brussels accuses Beijing of artificially lowering the prices of electric cars through government subsidies. In Europe they claim that this leads to unfair competition in global markets.

This position is mainly expressed by German Foreign Minister Annalena Berbock. Considers that it is necessary to protect the European market from unfair competition.

“China wants to flood the European and German markets with hugely subsidized electric cars, just as it did with steel and solar energy. This measure is not intended to isolate China, but to ensure fair competition. We do not want a trade war with China, but we also want We want Beijing’s unfair market and we must not allow them to continue using corrupt practices,” said the German Foreign Minister.

Source

Jeffrey Roundtree
Jeffrey Roundtree
I am a professional article writer and a proud father of three daughters and five sons. My passion for the internet fuels my deep interest in publishing engaging articles that resonate with readers everywhere.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts