EU Imposes Tariffs on China EVs, Risking Retaliation
- World’s top exporters disagree over Chinese auto subsidies
- Mercedes and BMW worry about losing sales to Chinese consumers
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The European Union has imposed higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers.
The regulation introducing the levies was published in the EU’s official journal Tuesday evening Brussels time, paving the way for their entry into force after months of negotiations, threats of Chinese retaliation and auto-industry pleas to avoid escalation.