European Union votes to impose tariffs on Chinese electric vehicles
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles.
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric v
ehicles.
“Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from E.U. Member States for the adoption of tariffs,” the E.U. said in a statement.
The E.U. first announced that it would slap higher tariffs on Chinese electric vehicle imports in June, on the grounds that they benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to electric vehicle producers in Europe.
Duties were also disclosed for individual companies that linked to their levels of cooperation and information they supplied to the E.U. as part of the bloc’s investigation into EV production in China, which began last year.
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