EU to impose tariffs of up to 25% on Chinese EVs: The European Commission will notify car makers on Wednesday (Jun 12) that it will provisionally apply additional duties of up to 25 per cent on imported Chinese electric vehicles from next month.
Analysts have said they expect tariffs of between 10 per cent and 25 per cent on Chinese EVs, a move likely to prompt possible retaliation from Beijing. The European Commission has said Chinese EVs receive excessive subsidies.
Both the European Union and China’s foreign affairs ministry remained unresponsive to Reuters’ requests for comment regarding the anticipated tariffs on Chinese electric vehicles. This lack of immediate response underscores the sensitivity and potentially contentious nature of the issue, as both sides navigate the complexities of trade relations amidst escalating tensions.
This development highlights a significant contrast in trade strategies between the United States and the European Union concerning Chinese EV imports.
“The decision arrives amid mounting pressure on European automakers facing heightened competition from more affordable electric vehicles introduced by Chinese rivals.”
