China-built EVs hit with duties in biggest EU trade case yet

China-built EVs hit with duties in biggest EU trade case yet

China-built EVs hit with duties in biggest EU trade case yet

Qries


BRUSSELS –
The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade case yet.There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation.The European Commission’s provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president, Ursula von der Leyen, has said is a threatened flood of cheap EVs built with state subsidies.

Qries


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