The European Union's decision to slap hefty tariffs on Chinese-made electric vehicles (EVs) is getting a thumbs-down from Hungary. 🇭🇺✋
At the Istanbul Energy Forum in Türkiye 🇹🇷, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto didn't hold back. He called the move a \"bad decision\" that hurts the EU's own economy. Ouch! 🥊💸
\"Only 10 out of the 27 EU member states backed this decision,\" Szijjarto pointed out, labeling it \"anti-democratic.\" 📊🗳️
Hungary is all about building bridges with China, especially when it comes to economic cooperation. \"We are in favor of enhancing cooperation with China,\" Szijjarto said, noting that Chinese investors are already active in Hungary. 🤝🌐
He urged the EU to rethink its approach: \"The EU should make better and more active cooperation with China when it comes to trade and economy.\" 💡💶
So, what's the deal with these tariffs? 😕 On October 29, the EU announced plans to impose tariffs of up to 45.3 percent on Chinese EVs for at least five years. That's a big chunk of change! 💰🚙
But there's hope on the horizon. On November 8, a spokesperson from China's Commerce Ministry said that China and the EU have made progress in negotiations on a proposed price commitment plan concerning Chinese EVs. Fingers crossed! 🤞✨
For Hungary, cooperation is the way forward, not trade barriers. Will the EU listen? Stay tuned! 📺🌍
Reference(s):
cgtn.com
