The European Union has raised tariffs on Chinese-made electric vehicles to 45% following its yearlong anti-subsidy probe into China's EV industry. The new tariffs will take effect on Wednesday and are expected to prompt retaliation from China. Beijing imposed its own anti-dumping measures on EU brandy, dairy and pork in early October, just days after the bloc voted on its decision.
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00:00The European Union is going ahead with extra tariffs on Chinese-made electric vehicles,
00:05triggering fears of a wider trade conflict. Tariffs of up to 45 percent will come into
00:11effect on Wednesday and last for five years. It brings to a close a year-long probe by the
00:17European Commission into whether China gives unfair subsidies to EV makers.
00:22China's Communist Ministry says it does not accept the ruling, calling it protectionist.
00:27Beijing announced tariffs on brandy from the EU earlier this month,
00:31and it is investigating EU subsidies on some dairy and pork products.