Citing subsidies from Beijing to undercut European automakers, EU slaps hefty tariffs up to 35pc on Chinese EVs

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BRUSSELS, Oct 30 — The EU yesterday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy...

The duties will come on top of the current 10 per cent on imports of electric vehicles from China.

The extra duties also apply, at various rates, to vehicles made in China by foreign groups such as Tesla — which faces a tariff of 7.8 per cent.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBelgiumCanadaChinaFranceGermanyHungaryUnited States

Topics: European Union Electric vehicles Trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:50:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 792 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23334208

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