Sliding scale tariff system coming into force next month adds 38.1 percent dury to SAIC cars, but only 17.4 percent to BYD vehicles
Chinese EVs arriving in Europe face up to 38.1 percent additional tariffs on top of existing 10 percent starting next month. BYD escapes with 17.4 percent levy and Tesla gets an individually calculated duty rate. Move comes just weeks after Biden administration quadrupled American duties on Chinese EVs to 100 percent. Chinese EVs imported to Europe face tariffs as high as 38.1 percent starting next month, the Europe an Commission has announced.
Related: China May Hit Imported Western Cars With Added Duties Automakers not investigated by the commission face a 21 percent tariff - but have the option to submit their businesses for scrutiny in the hope of securing a better deal - and those that refused to cooperate with the inquiry looking into how much financial assistance Chinese brands received from the country’s government suffer the top whack duty.
Electric Vehicles Europe Industry Reports
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.
European Union to hike Chinese EV tariffs to 38%The European Commission will impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the current level of 10%.
Read more »
European Union announces higher tariffs of up to 38% on Chinese EVsThe EU on Wednesday said it would impose higher tariffs on Chinese electric vehicles from next month as trade tariffs between the West and China come to a head.
Read more »
European Union announces higher tariffs of up to 38% on Chinese EVsThe EU on Wednesday said it would impose higher tariffs on Chinese electric vehicles from next month as trade tariffs between the West and China come to a head.
Read more »
Inflation forces Palo Alto Chinese restaurant to close after 38 yearsRegulars at a Chinese restaurant in Palo Alto savored their final meals from the long-running establishment that has been forced to close its doors due to inflation.
Read more »
Europe Hits Back: Chinese EV Imports Face Much Higher TariffsThe European Union will follow the U.S. and impose tariffs on Chinese electric vehicles to defend its industry from 'unfair subsidization.'
Read more »
EU threatens to hike tariffs on Chinese electric car imports, escalating trade spatThe European Union has moved to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers
Read more »