The European Union (EU) has begun imposing additional tariffs on electric vehicles (EVs) manufactured in China. According to officials, the decision is aimed at protecting the European automotive industry and combating what they claim is unfair competition.

The new tariffs target Chinese state-backed EV manufacturers, including companies like BYD and SAIC. The European Commission alleges that the Chinese government provided illegal subsidies to its manufacturers, allowing them to artificially lower prices.

The tariffs are expected to raise the prices of Chinese EVs in the European market and reduce their competitiveness. However, critics argue that this move could lead to higher prices for consumers and slow down the transition to green energy.

The Chinese government has sharply criticized the EU's decision, calling it a trade war. Beijing has threatened retaliatory measures against European goods. Experts warn that this conflict could negatively impact global trade relations.

Source: uznews.uz