EU HITS CHINA-BUILT BEVS WITH TARIFFS UP TO 35.3% OVER STATE SUBSIDIES
November 21st, 2024
The European auto sector is uneasy about the 35.3% countervailing duties that the European Union (EU) has imposed on China-built BEVs on top of the standard 10% import tariff. While they were imposed in response to what the EU executive, the European Commission, claims are unfair state subsidies throughout Chinese supply chains that undercut the bloc’s own European Automobile Manufacturers’ Association (ACEA) has declined to comment. Instead, it has released statements suggesting investment in charging infrastructure and tax breaks would do more to boost ...
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