Reported 7 months ago
The European Commission has announced temporary additional tariffs ranging from 17.4% to 38.1% on Chinese-made electric vehicles due to unfair subsidies, affecting companies like BYD, Geely, and SAIC. These rates are based on subsidy levels and cooperation with the EU investigation. Even EU/US automakers in China will face additional tariffs under country of origin principles. The tariffs start on July 4, with a final decision by November. Negotiations with China continue, aiming for a resolution, but specifics remain unclear as China's cooperation during investigations has been limited.
Source: YAHOO