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home / articles / VWAGY - EU Nations Divided Over Tariffs On Chinese EVs; Commission Considers Compromise For BMW And Volkswagen Models: Report | Benzinga


VWAGY - EU Nations Divided Over Tariffs On Chinese EVs; Commission Considers Compromise For BMW And Volkswagen Models: Report | Benzinga

European Union governments have expressed differing opinions on the imposition of EU tariffs on imports of electric vehicles (EVs) manufactured in China, as indicated in a non-binding but influential vote.

The European Commission, responsible for the EU’s trade policy, has imposed provisional tariffs of up to 37.6% on electric vehicles imported from China and has sought input from EU member states in a consultative vote.

Twelve EU members endorsed the tariffs, four opposed them, and eleven abstained from voting, Reuters reported, citing people familiar with the discussions.

Also Read: Chinese EV Thrive Despite Tariff Hikes, Foreign Rivals ...

Full story available on Benzinga.com

Stock Information

Company Name: Volkswagen AG ADR Repstg 1/10th Sh
Stock Symbol: VWAGY
Market: OTC

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