Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know

The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties went into effect on Friday, pending a final decision in four months' time.

That's because many of the cars that will be hit with tariffs are made by European companies, and because China could retaliate against the auto industry or in other areas. How do the EU tariffs compare to ones announced by the U.S.? The Biden administration is raising tariffs on Chinese EVs to 100% from the current 25%. At that level, the U.S. tariffs block virtually all Chinese EV imports. That's not what Europe is trying to do.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Chinese EV tariffs in Europe: what happens next?CAR magazine UK reveals details of how China and the European Union are discussing future tariffs on electric cars
Herkunft: CARmagazine - 🏆 382. / 55 Weiterlesen »

The Actual Benefit of High Tariffs on Chinese Electric Cars in Europe & USAClean Tech News & Views: EVs, Solar Energy, Batteries
Herkunft: cleantechnica - 🏆 565. / 51 Weiterlesen »

Europe Hits Back: Chinese EV Imports Face Much Higher TariffsThe European Union will follow the U.S. and impose tariffs on Chinese electric vehicles to defend its industry from 'unfair subsidization.'
Herkunft: InsideEVs - 🏆 579. / 51 Weiterlesen »