October 10, 2024

The European Union's (EU) punitive tariffs on Chinese battery electric vehicles (EVs) are a mistake, which will do more harm than good, the Brussels-based economic think tank Bruegel said on Wednesday.

The European Commission announced Friday that it passed a vote to impose punitive tariffs on Chinese EVs, sparking criticism from several European countries and auto industries who warn the move could boomerang against the EU's competitiveness.

Though the Commission said it had secured necessary support from member states, 12 EU members abstained from the vote and five voted against the decision.

Read more: