Reported about 1 year ago
The European Commission is announcing punitive tariffs on Chinese electric cars starting from July 4 in response to 'unfair subsidies' from China, with penalties ranging from 38.1% to a total of 48.1%. This move follows the US imposing 100% tariffs on Chinese electric cars, affecting manufacturers like BYD and Tesla. While the EU aims to protect European carmakers, not all EU member countries agree on the punitive tariffs, with some anticipating a potential trade war with China. The impact of the tariffs may lead to a decrease in Chinese electric car exports to Europe and a rise in prices for consumers.
Source: YAHOO