Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Hungary Condemns EU Tariff Proposal on China

Daniel Kim Views  

The Hungarian government is opposing Europe’s regulation of Chinese electric vehicles.

Just hours after the European Commission announced on the 12th that it would impose tariffs on imported Chinese electric vehicles, Hungary declared it does not agree with Europe’s regulation of Chinese electric vehicle manufacturers.

In a press release, the Ministry of Foreign Affairs stated, “The EU should support the European electric car industry instead of imposing punitive tariffs.” It added, “We do not agree with Europe regulating Chinese electric vehicle manufacturers with punitive tariffs,” emphasizing that “protectionism is not the solution.”

Hungary, under the right-wing leadership of Prime Minister Viktor Orban, has emerged as a significant trade and investment partner with China. This starkly contrasts with other European Union countries trying to reduce their dependence on the Chinese economy.

Over the past few years, Hungary has invested more than $1 billion to support new battery factories in their country, including the Chinese battery giant CATL.

Hungary also secured an investment in Europe’s first Chinese car factory announced by China’s BYD last year. The country provided cash for job creation, tax reductions, and regulatory easing in targeted areas to attract foreign investment.

The EU Executive Commission previously announced it would impose an additional tariff of up to 38.1% on imported Chinese electric cars from July.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[WORLD] Latest Stories

  • Russia Hints at Nuclear Options in Response to U.S. Missile Plans in Germany
  • Is This the End of Biden’s Run? Top Democrats and Obama Weigh In
  • Eric Trump Reveals the Painful Truth About His Father's Bullet Wound
  • U.S.-China Arms Control Talks Frozen Amid Taiwan Weapon Sale Dispute
  • Don Jr. Says Shooting Incident Transformed His Father's Approach
  • Israeli Army to Draft Ultra-Orthodox Starting Sunday — Chaos Ensues

Weekly Best Articles

  • Could We Run Out of Ketchup? California Drought Threatens Tomato Supply
  • 4 Easy Tips to Keep Your Corn Freshness All Summer Long
  • How Regular Sauna Use Can Help Control Menopause Weight Gain
  • 10 Do’s and Don’ts of Peroxide Soda: Safety Tips You Need to Know
  • Passenger Forced to Pay $700 for Reclining His Seat on a Train – Here’s Why
  • 10 Easy Hacks to Prevent Armpit Sweat and Smell
  • Why You’ll Never See Trash at Disneyland: The 30-Foot Rule
  • Hollywood’s Next Big Hits: Top 10 Upcoming Movies You Can’t Miss
  • Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!
  • Tesla Cybertruck Outsells Ford F-150 Lightning in May
  • First-of-its-Kind Suicide Capsule to be Used in Switzerland
  • South Korea’s Loudspeaker Attack Has North Korea on Edge

You May Also Like

  • 1
    Hollywood's Next Big Hits: Top 10 Upcoming Movies You Can't Miss

    ENTERTAINMENT 

  • 2
    Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!

    LIFESTYLE 

  • 3
    Tesla Cybertruck Outsells Ford F-150 Lightning in May

    BUSINESS 

  • 4
    First-of-its-Kind Suicide Capsule to be Used in Switzerland

    DEBATE 

  • 5
    South Korea's Loudspeaker Attack Has North Korea on Edge

    ASIA 

Popular Now

  • 1
    Young Chinese Pay $1,500 to Play War Games in Russia For Fun – Here’s Why

    DEBATE 

  • 2
    Trump's Win Could Spell Disaster for China's Economy

    DEBATE 

  • 3
    They Started as Brothers and Ended Up Sisters — Here’s How

    LIFESTYLE 

  • 4
    Dubai Princess Drops Divorce Bomb on Instagram Just Months After Baby's Birth

    LIFESTYLE 

  • 5
    Armani and Dior Under Investigation for Worker Exploitation in Italy

    LATEST 

Weekly Best Articles

  • Could We Run Out of Ketchup? California Drought Threatens Tomato Supply
  • 4 Easy Tips to Keep Your Corn Freshness All Summer Long
  • How Regular Sauna Use Can Help Control Menopause Weight Gain
  • 10 Do’s and Don’ts of Peroxide Soda: Safety Tips You Need to Know
  • Passenger Forced to Pay $700 for Reclining His Seat on a Train – Here’s Why
  • 10 Easy Hacks to Prevent Armpit Sweat and Smell
  • Why You’ll Never See Trash at Disneyland: The 30-Foot Rule
  • Hollywood’s Next Big Hits: Top 10 Upcoming Movies You Can’t Miss
  • Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!
  • Tesla Cybertruck Outsells Ford F-150 Lightning in May
  • First-of-its-Kind Suicide Capsule to be Used in Switzerland
  • South Korea’s Loudspeaker Attack Has North Korea on Edge

Must-Reads

  • 1
    Hollywood's Next Big Hits: Top 10 Upcoming Movies You Can't Miss

    ENTERTAINMENT 

  • 2
    Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!

    LIFESTYLE 

  • 3
    Tesla Cybertruck Outsells Ford F-150 Lightning in May

    BUSINESS 

  • 4
    First-of-its-Kind Suicide Capsule to be Used in Switzerland

    DEBATE 

  • 5
    South Korea's Loudspeaker Attack Has North Korea on Edge

    ASIA 

Popular Now

  • 1
    Young Chinese Pay $1,500 to Play War Games in Russia For Fun – Here’s Why

    DEBATE 

  • 2
    Trump's Win Could Spell Disaster for China's Economy

    DEBATE 

  • 3
    They Started as Brothers and Ended Up Sisters — Here’s How

    LIFESTYLE 

  • 4
    Dubai Princess Drops Divorce Bomb on Instagram Just Months After Baby's Birth

    LIFESTYLE 

  • 5
    Armani and Dior Under Investigation for Worker Exploitation in Italy

    LATEST 

Share it on...