In a recent statement, Hungary has voiced strong opposition to the European Union's decision to impose tariffs on Chinese electric vehicle (EV) imports. The Hungarian economy ministry expressed disagreement with what it terms as Europe's \"punishment\" of Chinese EV manufacturers.
\"Instead of punitive tariffs, the EU should support the European EV industry,\" the ministry stated on Wednesday, shortly after the European Commission announced the new tariffs.
Further emphasizing their stance, Hungary added, \"We disagree with the brutal European punishment of Chinese electric car manufacturers with punitive tariffs. Protectionism is not the solution.\" This move by Hungary highlights the growing tensions within the EU regarding trade policies and the future of the electric vehicle market.
Reference(s):
cgtn.com
