EU Lowers Proposed Tariffs on Chinese EVs Ahead of Trade Talks

The European Union has slightly lowered its proposed tariffs on imports of China-made electric vehicles in the EU, as the bloc and China have agreed to hold consultations on the tariff spat. The EU adjusted some of the planned import tariffs – which will come on top of an existing 10% duty – after receiving move information from Chinese EV makers subject to the ongoing EU anti-subsidy probe, an anonymous source with knowledge of the matter told Bloomberg.

9% from 20%, while the tariff on BYD remains the same at 17.4%. EV producers that have cooperated in the probe but have not been sampled would be subject to a 20.8% duty, down from the proposed weighted average duty of 21%, according to Bloomberg’s source. The EU launched in October 2023 anti-subsidy investigations into EU imports of EVs from China to determine whether the value chains in China benefit from illegal subsidies.

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