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China and EU Escalate Trade Dispute with New Tariffs and Probes

Beijing retaliates against European Union's EV tariffs by launching investigation into EU dairy subsidies

  • The European Commission proposed definitive tariffs on Chinese electric vehicles, ranging up to 36.3%.
  • China's Ministry of Commerce condemned the tariffs, labeling them as unfair competition and a violation of WTO rules.
  • In response, China initiated an anti-subsidy investigation into EU dairy products, covering various cheeses, milk, and cream.
  • Volkswagen and other foreign manufacturers criticized the EU's tariffs, arguing they harm the European automotive industry.
  • Tesla received a reduced tariff rate of 9%, significantly lower than other Chinese automakers.
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