US EditionEU tariffs on Chinese electric vehicles are part of an ‘economic cold war,’ Hungary’s Orbán says
- Hungary's Prime Minister, Viktor Orbán, states the European Union risks an "economic cold war" with China and will vote against higher tariffs on Chinese electric vehicles.
- Orbán emphasizes that EU protectionism poses a "huge danger" to Hungary's export-driven economy, advocating for "economic neutrality" in trade.
- He warns that Europe's protectionist trend could damage the EU's overall economy.
61 Articles
61 Articles
In July, the EU Commission introduced punitive tariffs against Chinese electric cars. These will now remain in place for the long term. Imported electric vehicles are to remain more expensive until 2029. This was decided by the majority of European states. Chinese and German car manufacturers lobbied against the decision. But to no avail: the majority of EU states voted in favor of further punitive tariffs on Friday. The need arises from the Chi…
There is no majority on the measure that imposes an extra tax on imports of up to 36.3%, the ball goes to the Commission: 'Decision by October 30'. Germany against, Spain abstains, France and Italy say yes. Urso: “Go ahead with the negotiations with Beijing to find a solution.” The tax on Tesla is lowered, from 9 to 7.8%
Spain abstained in the vote in which the imposition of taxes did not have the qualified majority against (fifteen member states representing 65% of the European population) that was required to overthrow the measure. The ball remains in the court of Brussels, which strongly defends the increase in surcharges
Associated Press News
EU tariffs on Chinese electric vehicles are part of an 'economic cold war,' Hungary's Orbán says
Hungary's prime minister says the European Union risks entering an “economic cold war” with China, and is pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles.
The tariffs were decided by the EU executive in reaction to the import into Europe of cars whose production in China is subsidized by the State
EU headed for 'economic cold war' with China, Hungary's Orban says
BUDAPEST - Hungarian Prime Minister Viktor Orban warned on Friday that the European Union was headed for an \"economic cold war\" with China as the bloc's leaders prepared for a pivotal vote on imposing tariffs on imports of Chinese-made electric cars (EVs). Read more at straitstimes.com.
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