China files WTO complaint against EU over electric vehicle tariffs

benzinga.com

China has formally complained to the World Trade Organization (WTO) over the European Union's new tariffs on Chinese electric vehicles (EVs). The EU has imposed tariffs of up to 35%, which China calls "protectionist" and a violation of WTO rules. The EU raised these tariffs last month, citing unfair business practices from China that threaten European industry. The tariffs will last for five years and impact major Chinese automakers like Li Auto and NIO. Chinese Premier Li Qiang criticized U.S. and EU trade policies during a recent event, suggesting they are unfair. The U.S. and EU aim to protect their markets from cheaper Chinese EVs, which benefit from government subsidies.


With a significance score of 4.5, this news ranks in the top 2.3% of today's 24351 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: