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2026-10-08T13:03:39.304Z

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Pakistan and IMF strike $1.2B deal

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23 Hrs2026-10-08T12:39:59.000Z
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US bans Chinese electric cars while UK accepts

US bans Chinese electric cars while UK accepts

The United Kingdom adopts a different approach from the United States regarding Chinese electric vehicles. Britain imposes low import tariffs of 10%, making it one of the largest markets welcoming Chinese cars without additional charges, contrary to the United States, which imposes a 100% tariff that hampers their market entry. Additionally, the European Union imposes tariffs of up to 35.3% on Chinese cars, in addition to the standard 10% duty. Currently, Britain faces the option of mimicking EU tariffs, as the British Minister of Business is considering matching those tariffs to avoid harm to domestic companies, amid uncertainty about implementing similar levies in line with the "Made in Europe" proposals.

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