EU threatening 38% tariffs on Chinese electric cars from July

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By Creative Media News

  • EU plans tariffs on Chinese electric vehicles
  • Tariffs up to 38% due to “unfair” subsidies
  • Final decision depends on Beijing negotiations

The EU disregards the wishes of its main electric car producers and plans to levy more tariffs on Chinese imports, claiming they threaten “economic injury.”.

According to a provisional finding by the European Commission, China’s electric vehicles may face additional EU tariffs of up to 38% beginning next month because they get “unfair” state subsidies.

According to a statement, the Commission hopes to hold negotiations with Beijing authorities to address the matter before making a final decision.

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“Should discussions with Chinese authorities fail to yield an effective solution, customs in each Member State will implement these provisional countervailing duties by guarantee on July 4.” Only the imposition of certain duties will trigger their collection.

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