Analysis
Politics
Hungary at a Crossroads: Economic Turmoil, Internal Dissent and the Rise of Péter Magyar – QUICK TAKE
2 October 2024
The European Commission has announced countervailing duties on the import of electric vehicles from China. This measure will create winners and losers and ultimately lead to the opening of new electric vehicle factories in Europe.
Last week, the European Commission (EC) announced countervailing duties it will impose on automakers importing electric vehicles from China.
A year-long study by European analysts found that car manufacturers are receiving financial support from the government beyond the rules of the World Trade Organisation, which disadvantages European producers.
China will respond, that much is certain, but will it lead to an escalating trade war?
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