The EU is set to impose additional tariffs of up to 25% on imports of Chinese EVs despite opposition from Germany.
From July, the Europe an Union is set to impose additional tariffs of up to 25% on imports of China -made electric vehicles as part of its investigation into anti-competitive Chinese subsidies for EVs, the Financial Times reported on Wednesday, quoting sources familiar with the Europe an Commission’s decision.
German and other foreign automakers with production in China could also become subject to tariffs for their China-made vehicles in the EU. They also risk a Chinese retaliation with tariffs on other models in China. EU member states are set to vote on tariffs on China-made EVs before early November. France and Spain lead the effort to protect local EU manufacturing with tariffs, while Germany, Hungary, and Sweden are leading the opposition to the move, according to FT’s sources.
Europe Evs Tariffs China Geopolitics Trade
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US tariffs on Chinese EVs may grow from around 25% to 100%Pundit tells The Reg Intel could suffer the effects of retaliation
Read more »
Leeds United set to renew old rivalries as 2024/25 Championship line-up finalisedLeeds United now know who they will be facing next season and some familiar faces have returned to the Championship.
Read more »
Green Party stalwart has eyes set on Westminster after 25 yearsGina Dowding has seen the Green party grow from 'something small' to a hugely significant player on Lancaster City Council
Read more »
Glasgow sports facilities set to be handed to community groups in 25-year dealsCouncillors are set to approve leases for a pitch in Springburn and a sports centre in Easterhouse under the People Make Glasgow Communities programme.
Read more »
See who you remember in 25 brilliant pics from 90s Liverpool fairThese photos have been unseen for years
Read more »
UK to get at least 25 new warships thanks to defence spending riseThe defence secretary said 22 ships are 'already in the system' and committed to three new ships for the Royal Marines, with the possibility of three more.
Read more »