EU Moves Ahead With Provisional Tariffs on China EV Imports
- Talks ongoing to avert escalation following EU’s subsidy probe
- EU move may cut EV imports by a quarter, Kiel Institute says
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The European Union moved ahead with plans to impose provisional tariffs on electric vehicles imported from China that would raise rates to as high as 48%, a step likely to escalate trade tensions with Beijing.
The EU confirmed Thursday that it would apply provisional duties on three Chinese manufacturers that were sampled for its anti-subsidy investigation. State-owned MG maker SAIC Motor Corp. faces a 37.6% tariff on top of the existing 10% rate, while Volvo Car AB parent Geely and BYD Co. will be hit with added charges of 19.9% and 17.4%, respectively.