EU Slaps Tariffs on Chinese Electric Vehicles

The European Commission announced provisional duties of up to 38.1% on Chinese electric vehicle imports, expected to be enforced by July. Tariffs will vary by company, with BYD facing 17.4%, Geely 20%, and SAIC 38.1%. The move may prompt a stern response and possible retaliation from China.

The European Commission announced on Wednesday that it would impose provisional duties on imports of Chinese electric vehicles of up to 38.1%, a move likely to draw stern words and possible retaliation from China.

The Commission, which oversees EU trade policy, said the tariffs, likely to be in place by July, would be 17.4% for BYD, 20% for Geely and 38.1% for SAIC. Other companies cooperating with the investigation would face a tariff of 21% and non-cooperating companies 38.1%.