London | The European Union has risked a potential “economic cold war” with China, after the bloc’s 27 countries vote to slap hefty tariffs on Chinese-made electric vehicles – in the teeth of opposition from German carmakers like BMW and Volkswagen.
Brussels now has until the end of the month to strike a deal with Beijing. The two sides could potentially agree on a set of minimum prices for EVs, which would supplant the tariffs of between 17 and 35 per cent.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
