The European Union (EU) has approved the establishment of import taxes on electric vehicles from China.
This decision is the result of an investigation that revealed the massive public aid that Chinese manufacturers receive.
The additional tariffs can go up to 35.3% of the vehicle's price, in addition to the 10% customs duties already in effect.
The EU was forced to take measures to protect its industry against practices considered unfair.
Germany, Hungary, Malta, Slovenia, and Slovakia opposed these tariff barriers.
In economic terms, no miracle is expected from this protectionism.
Conclusion: Protectionism is not an end in itself, but merely a step and a means by which Europe can level up to Chinese competition to accelerate the ecological transition.