EU members to vote on proposal to impose tariffs on China made EVs

Quick Summary:

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.

Reuters reported on Wednesday that France, Greece, Italy and Poland will vote in favour, which would be enough to push through the EU's highest profile trade measures.

The Commission can also carry out an "interim review" after a year has elapsed if the measures are no longer necessary or if they are not sufficient to counteract subsidies.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaFranceGermanyGreeceItalyPoland

Topics: European Commission EU China EV trade China EV export Electric vehicles Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 19:10:38 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 743 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22864444

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Official Website: business-standard.com

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