The EU Commission is set to introduce punitive tariffs on Chinese electric cars, effective from July 4th, citing 'unfair subsidies' given to Chinese manufacturers. These tariffs, reaching up to 38.1 percent on top of regular import duties, aim to level the playing field for European automakers.
While some EU member states oppose the move, others support it to shield local producers. China has threatened retaliatory measures, highlighting a potential trade war, amidst criticisms of EU's allegations regarding competition distortions and subsidy practices.
The looming tariffs raise concerns among Czech automakers, fearing disruptions to the supply chain and adverse effects on the European automotive industry, urging for a comprehensive strategy to bolster the regional market and explore new opportunities.
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