Trade Tariffs

Macroeconomics and Politics
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EU Commission confirms its preliminary tariffs on Chinese BEVs as talks continue

  • The EU Commission has confirmed its plans to impose import tariffs on Chinese BEVs dashing hopes of a solution sought by the likes of Volkswagen.
  • The tariffs will apply from tomorrow and will run for a maximum of four months after which a final decision will be undertaken by the commission.
  • The commission said the suggested tariffs were revised down slightly following an update on their calculations methodology.
  • The commission said its discussions with the Chinese officials will continue for the time being.
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