EU Announces Tariff Increase on Chinese EVs

The European Union announced Wednesday an increase in customs duties on imports of Chinese electric cars to about 38 percent, up from 10 percent currently.

The European Commission explained in a statement that these initial tariffs have been notified to the various companies concerned and the Chinese authorities, and that these initial tariffs will begin to be applied as of July 4, provided that an agreement is reached with China regarding providing support to local car manufacturers, which Europe considers illegal support.

China for its part expressed his regret over the European decision, saying that it contradicts the principles of the market economy and the rules of international trade, and that it undermines economic and trade cooperation between China and the European Union (EU).

Source: Qatar News Agency