EU is now scared to upsetting China, just imagine if China refuses to ship magnesium to the EU, most of the EU's car industry would stop, the EU produces no magnesium. It all come from China
EU governments waver on Chinese EV tariffs as trade war looms
- European governments are having second thoughts as to whether or not to back the additional tariffs on Chinese-made EVs.
- The EU Commission is struggling to gather support for its new tariffs as Beijing threatens retaliation.
- Germany, whose automakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source. (Reuters)
- According to an informal poll from Reuters, a majority of countries are still weighing the pros and cons of the escalating trade spat.
- EU members will vote to formally enact these tariffs in October if the Commission officially proposes them at the end of its investigation.
- These tariffs would be blocked if a "qualified majority" of at least 15 countries representing 65% of the EU population votes against them.
- France, Italy and Spain, who make up 40% of the EU population, have indicated they would back tariffs.
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