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Chinese EV makers face additional tariffs of up to 38 percent in the EU
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Chinese EV makers face additional tariffs of up to 38 percent in the EU
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13th June 2024, 06:58
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 150,416
 |  Chinese EV makers face additional tariffs of up to 38 percent in the EU The European Union is going impose additional tariffs of up to 38 percent on Chinese-made electric vehicles in an effort to protect the region's manufacturers from unfair competition, according to The New York Times and the Financial Times. The European Commission has already warned Chinese carmakers about the additional taxes, which will go on top of the existing 10 percent tariff on their EVs and will be different for each manufacturer. BYD's and Geely's vehicles will be hit by tariffs between 17.4 and 20 percent, while SAIC will face an additional 38 percent in taxes. https://www.engadget.com/chinese-ev-...0.html?src=rss |
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