UK Business Secretary Strikes Cautious Tone on Tariffs for Chinese EVs

Published on July 17, 2024

The Labour government is not currently planning to follow the European Union’s move to hike tariffs on Chinese-built electric vehicles (EVs), Business Secretary Jonathan Reynolds indicated on Tuesday. Speaking in Italy during his trip to meet counterparts of other G7 countries, Mr. Reynolds said he’s not ruling out the possibility, but wants to make the right decision for the industry. The remarks came after Brussels hit EV imports from China with up to 38 percent of tariffs to counter what it believes are unfair subsidies for Chinese firms. Mr. Reynolds said he had discussed the EU’s move during the trip, but struck a cautious tone on whether the UK would follow suit....

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