Chinese electric car makers hit with new European Union tariffs

The move poses a challenge to Beijing, which hopes EVs will help revive the country's flagging economy.

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The new tariffs on individual manufactures range from 17.4% to 37.6%, which is on top of a 10% duty that was already in place for all electric cars imported from China.

This could raise the price of EVs across the EU, making them less affordable for European consumers.

The move is also a major blow for Beijing, which is already in a trade war with Washington. The EU is the largest overseas market for China’s EV industry and the country is counting on high-tech products to help revive its flagging economy.

EU officials say this rise in imports was boosted by "unfair subsidisation", which allowed China-made EVs to be sold at much lower prices than ones produced in the bloc.

https://www.bbc.com/news/articles/cy99z53qypko

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