The trade war between the US, EU, and China is heating up, with German automakers caught in the middle. / Photo: Reuters Archive
Europe’s Chinese EV imports make up less than 4 percent of sales despite the tariffs, including Chinese-made models of foreign brands such as Volvo, Polestar, and Dacia, Fitch Ratings’ data said. In addition to the EU tariff, the Biden administration also raised the Chinese EV tariff rate to 100 percent in the US, with China saying it might file an appeal over World Trade Organization rules.Germany's economy minister will visit China next week, Berlin said Friday, as the EU and Beijing are locked in a row about planned new tariffs on imports of Chinese electric vehicles.
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