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EU Announces Higher Tariffs of Up To 38% On Chinese EVs

The European Union on Wednesday said it would impose higher tariffs on Chinese electric vehicle imports, which it found benefit "heavily from unfair subsidies" and pose a "threat of economic injury" to EV producers in Europe. CNBC reports: On a preliminary basis, the European Commission, the execut...

The European Union on Wednesday said it would impose higher tariffs on Chinese electric vehicle imports, which it found benefit "heavily from unfair subsidies" and pose a "threat of economic injury" to EV producers in Europe. [...] The bloc is imposing a 38.1% tariff on battery-electric vehicle producers who did not cooperate with its investigation, and a lower 21% duty on carmakers in the Asian country who complied but have not been "sampled." The commission also disclosed a set of individual tariffs, which [Valdis Dombrovskis, the EU commissioner for trade, said] are linked to their cooperation with the probe and with the amount of information they supplied.

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