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EU Refines Tariff Rates Set to Hit Electric Vehicles From China
The European Union marginally revised its proposed tariffs on electric vehicles imported from China after receiving more information from the affected companies, according to a person familiar with the matter who spoke on the condition of anonymity. The new provisional rates — which will come on top of the existing 10% duty — are: Other EV producers in China that cooperated with the investigation but have not been sampled will be subject to a weighted average duty of 20.8%, while firms that didn’t cooperate will face an additional 37.6% levy. The European Commission, the EU’s executive arm, notified the ... (full story)