- Item type
- Periodical
- Language
- English
- Source
- Bloomberg.com. 6/26/2024, pN.PAG-N.PAG. 1p.
- Publication date
- 26/06/2024
The European Union has made slight revisions to its proposed tariffs on electric vehicles imported from China after receiving more information from the affected companies. The new provisional rates, which will be in addition to the existing 10% duty, range from a weighted average duty of 20.8% for cooperating Chinese EV producers to an additional 37.6% levy for firms that did not cooperate. The tariffs are set to be introduced on July 4, with definitive duties taking effect in November. China has threatened to retaliate and has already launched an anti-dumping probe on pork imports. Both sides are currently consulting on a solution that adheres to World Trade Organization rules. [Extracted from the article]
