EU slaps Chinese EVs tariffs of up to 38%

By Agence France-Presse

Jul 06, 2024 12:15 am

BRUSSELS — The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's 'unfair' support, a move that risks escalating tensions with Beijing.

A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals.

RETALIATION People look at a Nio ET7 at the Beijing Auto Show on May 3, 2024. The European Union on July 4 imposed tariffs of up to 38 percent on Chinese electric cars, which Beijing denounced as ‘politically motivated.’ AFP PHOTO

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