Europe news
fromwww.theguardian.com
5 days agoEU faces China shock' as EV imports drive Beijing's record surplus with bloc
China's trade surplus with the EU reached $83bn in Q1 2026, driven by a surge in electric vehicle exports.
China will impose provisional duties of up to 42.7% on certain dairy products imported from the EU from Tuesday after concluding the first phase of an anti-subsidy investigation widely seen as retaliation for the bloc's electric vehicle tariffs. The tariffs will range from 21.9% to 42.7% although most companies will pay about 30% and target products such as milk and cheeses including protected origin brands such as French Roquefort and Italian Gorgonzola.