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EU to impose tariffs of up to 25% on Chinese EVs, FT reports
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EU to impose tariffs of up to 25% on Chinese EVs, FT reports
Jun 12, 2024 12:21 AM

June 12 (Reuters) - The European Commission will notify

car makers on Wednesday that it will provisionally apply

additional duties of up to 25% on imported Chinese electric

vehicles from next month, the Financial Times reported, citing

people familiar with the matter.

Analysts have said they expect tariffs of between 10% and

25% on Chinese EVs, a move likely to prompt possible retaliation

from Beijing. The European Commission has said Chinese EVs

receive excessive subsidies.

The EU and China's foreign affairs ministry did not

immediately respond to Reuters' requests for comment.

Less than a month after Washington quadrupled duties for

Chinese EVs to 100%, Brussels is expected to set almost

certainly far lower tariffs for imports from Chinese makers such

as BYD and Geely as well as Western

producers such as Tesla that export cars from China to

Europe.

BYD, Geely, SAIC and Tesla did not immediately respond to

Reuters' queries on the report.

The move comes as European automakers are being challenged

by an influx of lower-cost EVs from Chinese rivals.

China has rebuked the EU over the anti-subsidy

investigation, urged cooperation and lobbied individual EU

countries, but not fully spelt out what its response to tariffs

would be.

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