China-EU trade spat escalates as EV tariff vote nears
The EU is set to vote on September 25 on implementing tariffs on electric vehicles imported from China, targeting companies like SAIC Motor Corp, Geely, and BYD with additional duties. The proposed tariffs, which follow an EU investigation into unfair Chinese state subsidies, would come into effect in November unless blocked by a qualified majority of member states. While China has launched its own anti-dumping investigations into EU exports, both sides are in talks to find alternatives, though progress has been limited. Germany and Spain, both with significant stakes in the auto industry, have voiced concerns over the tariffs, with Spain seeking Chinese investment in its EV sector. The outcome of the vote remains uncertain as both regions brace for potential retaliatory actions.