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Europe approves new tariffs on Chinese EVs.
The European Union’s tariffs won’t be as high as the ones recently approved by the Biden administration in the US — 45 percent versus 100 percent — but the vote makes it clear that Western nations are maintaining their hard line on China’s willingness to subsidize the auto industry in service of churning out ultra-cheap EVs.
Commission proposal to impose tariffs on imports of battery electric vehicles from China obtains necessary support from EU Member States
[European Commission - European Commission]
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