EU Imposes Tariffs on Chinese EVs, Amid Tensions with Beijing

The European Union has approved tariffs on Chinese-made electric vehicles after an investigation that divided the bloc and led to Chinese retaliation. The tariffs range from 7.8% to 35.3% and are set for five years. Continued negotiations with China are ongoing despite the imposed tariffs.

The European Union has officially sanctioned tariffs on electric vehicles manufactured in China following a divisive investigation, prompting retaliatory measures from Beijing.

The European Commission announced tariffs spanning 7.8% for Tesla to 35.3% for certain Chinese manufacturers who did not cooperate with the EU's anti-subsidy investigation, adding to the standard 10% import duty. These tariffs are effective from Wednesday for a duration of five years.

While the EU remains open to negotiating with China, tensions rise as China retaliates with anti-dumping investigations. The EU insists that any alternative arrangements between both parties must comply with WTO rules and effectively mitigate subsidy-related injuries.

(With inputs from agencies.)