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EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms
(www.theguardian.com)
this post was submitted on 12 Jun 2024
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Under the plan, the EU will apply five levels of tariffs. EV manufacturers that cooperated with Brussels investigators will face a tariff of 21%, while those who did not will be hit with the top tier of 38.1%.
SAIC faces the top tariff, Geely faces a tariff of 20%, while a 17.4% duty will be applied to BYD brands, which include the Dolphin and Seal cars launched in the EU last year.
It is understood that Tesla cooperated with the EU and may initially face the 21% tariff. The EU indicated this could be revised next month to its own individually calculated duty rate after assessing evidence submitted by the US company.