The European Union risks entering an “economic cold war” with China, Hungary's prime minister said on Friday, pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles.

BUDAPEST (Reuters) -Hungarian Prime Minister Viktor Orban warned on Friday that the European Union was headed for an "economic cold war" with China as the bloc's leaders prepared for a pivotal vote on imposing tariffs on imports of Chinese-made electric cars (EVs).

Hungarian Prime Minister Viktor Orban warned that EU tariffs on Chinese electric vehicles could spark an "economic cold war," harming Europe's economy, and pledged to oppose the move. Orban advocates for economic neutrality,

The European Union is headed into an “economic cold war” if it opts to approve additional tariffs on Chinese electric vehicles, according to Prime Minister Viktor Orban.

Makiyama, Director of the European Centre for International Political Economy, speaks to CGTN Europe about the intricacies of trade negotiations between Europe and China.