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.

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