EU Imposes Tariffs on Chinese Electric Vehicles

The European Union has imposed provisional duties of up to 38% on Chinese electric vehicle (EV) imports due to concerns over unfair state subsidies provided to Chinese manufacturers. The European Commission's investigation found that these subsidies were unfairly undercutting European rivals, leading to the imposition of additional tariffs on top of existing import duties of 10%. European Commissioner for Competition Margrethe Vestager stated that the tariffs aim to "correct what we consider to be unfair" and emphasized that they will not completely block imports from China.

The European Union has announced plans to impose tariffs of up to 38% on imports of Chinese electric vehicles, citing concerns over artificially low prices and alleged subsidies. This move is seen as a response to China's alleged violation of international trade rules, with the EU claiming that Beijing is selling EVs at prices below market value. The proposed tariffs would add to the existing 10% levy on imported cars, putting additional pressure on Chinese EV manufacturers. The decision has been met with resistance from China, which has vowed to "resolutely take all necessary measures" to defend its companies' interests. Germany, a major trade partner of China, is also reportedly opposed to the move, highlighting divisions within the EU.