New challenge for China's EV: EU may raise import tariffs | Shanghai Non ferrous Metals
According to Politico, the EU is considering raising tariffs on Chinese EVs in response to similar actions by the US. The EU could raise import tariffs on Chinese electric cars from 10% to 25%-30%. This move could have an impact on the overseas markets of some OEMs. The EU is currently conducting an anti-subsidy investigation into Chinese electric vehicles and may implement temporary tariffs before November in response to the current situation.
Source: metal.com
