EU to impose multibillion-euro tariffs on Chinese electric cars


Source: irishtimes.com irishtimes.com

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Employees on a SAIC car factory assembly line in Nanjing, Jiangsu Province. The additional tariffs in Europe will hit Chinese electric-vehicle makers including BYD and SAIC. Photograph: Alex Plaveski/EPA Brussels is pushing ahead with Chinese electric vehicle tariffs that are set to bring in more than €2 billion a year, brushing aside German government warnings that the move risks starting a costly trade war with Beijing. The European Commission is to notify carmakers on Wednesday that it will provisionally apply additional duties of up to 25 per cent on imported Chinese EVs from next month, according to people familiar with...