Why is EU planning to put tariffs on China's electric vehicle makers?

### EURO:
Imagine if you have a toy factory and your neighbor starts making the same toys but much cheaper and sells them all over the world. You would not be happy, right? This is what is happening to European electric vehicle manufacturers. They are being "out-competed" by Chinese electric vehicle manufacturers who can make the vehicles much cheaper. So, to protect their own toy factories, the EU is thinking of putting a tariff on the Chinese toys coming into Europe. A tariff is like a tax or a fee that is added to the price of the toy coming from China, making it more expensive for European customers to buy them. The hope is that this would make the Chinese toys less attractive to European customers, protecting the European toy factories. However, this could also lead to a big argument or even a trade war between the EU and China. Read from source...

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### NEUTRAL NEWS:

{
"date": "2024-10-02T14:16:42.000Z",
"source": "https://www.benzinga.com/markets/news/eu-tariffs-china-evs-1",
"title": "EU to Decide on Tariffs for Chinese EVs Friday, Risking Trade War",
"link": "https://www.benzinga.com/markets/news/eu-tariffs-china-evs-1",
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