EU-Aims-Tariffs-on-Chinese-EVs

The EU has approved tariffs on Chinese electric vehicles after a contentious investigation. Rates range from 7.8% to 35.3%, in addition to the standard 10% duty. Talks with China continue, despite retaliatory investigations by Beijing. European makers impacted by potential new import duties in China.

The European Union has officially sanctioned tariffs on electric vehicles manufactured in China. This decision follows a debated investigation and has sparked a retaliatory response from Beijing.

Tariff rates have been set between 7.8% for Tesla and up to 35.3% for Chinese automakers, including SAIC. This will be in addition to the EU's current 10% import duty on cars. The new regulations are slated for publication, with definitive tariffs expected to be effective for five years starting the following day.

Ongoing discussions between the EU and China aim to find alternative solutions, though significant differences remain. In retaliation, China has initiated investigations into EU exports, including pork and brandy. Meanwhile, Germany's vehicle exports face looming challenges if China hikes import duties on large-engined gasoline vehicles.

(With inputs from agencies.)