FRANKFURT, Germany (AP) - The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc.
Europe is slapping tariffs on Chinese electric vehicles – for now. Here’s what to know
FRANKFURT, Germany (AP) - The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc.
The higher duties go into effect on Friday, pending a final decision in four month’s time.
Here are some basic facts about the EU’s planned customs duties:
After an eight-month investigation, the European Commission, the EU's executive arm, found that companies making electric cars in China benefit from massive government help that means they can undercut rivals in the EU on prices, take a big market share and threaten European jobs.