Reported about 1 year ago
The European Union is expected to announce punitive tariffs on Chinese electric cars this week, with the decision likely to be made public after the European Parliament elections. The investigation was initiated last October and could result in temporary tariffs being imposed from July 4. The Rhodium Group estimates the tariff could range from 15%-30%, which might not force Chinese carmakers like BYD out of the European market but could significantly impact foreign companies like BMW or Tesla transporting cars from China. China has hinted at potential retaliations, with tensions escalating between the EU and China in the electric car market.
Source: YAHOO