EU Set to Impose up to 45 Percent Tariffs on China-Made EVs

Published on October 30, 2024

The European Union (EU) announced on Oct. 29 that it is ready to collect extra customs duties on electric vehicles (EVs) made in China after months-long negotiations with Beijing failed to address the issue identified by the bloc’s investigation. Starting from Oct. 31, the new duties of up to 35 percent—on top of the standard 10 percent—will come into force. These definitive duties will remain in place for the next five years. The European Commission, which is concluding a probe of EV import from China, has said extra duties are necessary to counter the substantial subsidies provided by Beijing, which have given its EV producers heavy subsidies and threatened to hurt the EU market by artificially lowering the prices....

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