TECH - EU Imposes Provisional Duties Of As Much As 37.6% On Chinese EV Imports | Benzinga
The European Commission on Thursday imposed additional tariffs of up to 37.6% on EV imports from China over concerns that cheaper EVs from China which benefit from state subsidies will push domestic players out of the market.
What Happened: The commission has imposed provisional duties of 17.4% on BYD EV imports, 19.9% on Geely, and 37.6% on EVs from SAIC. The tariffs are on top of the 10% duty levied on all EV imports from China.
The provisional subsidies come 9 months after the commissions started an anti-subsidy ...