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EU to impose tariffs of up to 25% on Chinese EVs, FT reports
Less than a month after Washington quadrupled duties for Chinese EVs to 100 percent, Brussels is expected to set almost certainly far lower tariffs for imports from Chinese makers such as BYD and Geely as well as Western producers such as Tesla that export cars from China to Europe.
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A NIO ET5 car model and the NIO EP9 sports car are pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. (Reuters/Annegret Hilse)
T
he European Commission will notify car makers on Wednesday that it will provisionally apply additional duties of up to 25 percent on imported Chinese electric vehicles from next month, the Financial Times reported, citing people familiar with the matter.
Analysts have said they expect tariffs of between 10 percent and 25 percent on Chinese EVs, a move likely to prompt possible retaliation from Beijing. The European Commission has said Chinese EVs receive excessive subsidies.
The EU and China's foreign affairs ministry did not immediately respond to Reuters' requests for comment.
Less than a month after Washington quadrupled duties for Chinese EVs to 100 percent, Brussels is expected to set almost certainly far lower tariffs for imports from Chinese makers such as BYD and Geely as well as Western producers such as Tesla that export cars from China to Europe.
BYD, Geely, SAIC and Tesla did not immediately respond to Reuters' queries on the report.
The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals.
China has rebuked the EU over the anti-subsidy investigation, urged cooperation and lobbied individual EU countries, but not fully spelt out what its response to tariffs would be.
