EU Slaps High Tariffs on Chinese EVs amid Trade Tensions

The European Union has decided to impose additional tariffs on Chinese electric vehicles following an extensive trade investigation. Despite Germany's opposition, the EU aims to counter perceived unfair subsidies. Beijing has expressed discontent and is pursuing its own trade measures against EU products.

The European Union is set to impose substantial tariffs on Chinese electric vehicles, following the conclusion of a high-profile trade investigation that has split European opinion and provoked a strong response from Beijing. The European Commission will enact extra tariffs ranging from 7.8% for Tesla to 35.3% for China's SAIC, in addition to the existing 10% import duty.

The decision, which was formalized in the EU's Official Journal, will be effective immediately. The Commission argues that the tariffs are essential to combat what it describes as unfair advantages benefitting Chinese manufacturers through subsidies and under-priced resources.

China, opposing the decision, has signaled its intent to negotiate further with the EU, aiming to de-escalate potential trade conflicts. The growing presence of Chinese EVs in the EU market has alarmed some European automakers, but EU member states remain divided on the issue, with Germany notably opposing the measures.

(With inputs from agencies.)