Hungary Opposes EU Punitive Tariffs on Chinese Cars
Hungary to Strongly Oppose EU Proposal on Punitive Tariffs for Chinese Electric Cars
Hungary’s Minister of Foreign Affairs and Trade, Péter Szijjártó, has announced that Hungary will strongly oppose the European Union’s proposal to impose punitive tariffs on Chinese electric car manufacturers. The vote on this proposal is set to take place on Friday, with Szijjártó expressing concerns about the potential negative impact it could have on European competitiveness.
Szijjártó highlighted the close cooperation between European and Chinese car companies, emphasizing the strategic partnerships that exist between major European car manufacturers and their Chinese suppliers. He pointed out that many European car companies view China as a crucial market for sales and have established factories and sites in the country.
The minister underlined that the EU’s proposed punitive tariffs could jeopardize the interests of European car manufacturers and pose significant risks to the European economy. Szijjártó warned that if the targeted country retaliates, it could lead to restrictions on certain exports, impacting the economic relationship between China and Western European countries.
Hungary’s opposition to the EU proposal is strengthened by discussions Szijjártó had with the leaders of Germany’s largest car companies, who also expressed their opposition to the punitive tariffs. Szijjártó called on other EU Member States to consider their national economic interests and resist pressure to support the proposal.
In conclusion, Hungary stands firm in its decision to vote against the EU’s proposed punitive tariffs on Chinese electric cars, advocating for a rational and reasonable approach that prioritizes economic interests and international partnerships.
