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EU imposes tariffs on Chinese EVs despite fears of retaliation

The Guardian — July 4, 2024, 03:00 PM UTC

Summary: The EU imposed tariffs on Chinese electric vehicles, ranging from 17.4% to 37.6%, due to "unfair" subsidies. Volkswagen criticized the move, fearing retaliation from Beijing. Stellantis aims to stay competitive. The EU investigation found Chinese producers benefited from subsidies throughout the production process. The tariffs will be in place for five years if approved by the EU's 27 member states. China holds a 25% share of the EU electric car market.

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Timeline:

  1. [2.2]
    Tesla raises Model 3 prices in Europe by $1,622 (GMA News Online)
    65d 11h
    Source
  2. [4.8]
    EU raises tariffs on Chinese EVs due to unfair subsidies (Los Angeles Times)
    71d 6h
    Source
  3. [2.9]
    EU inspects Tesla Giga Shanghai for duty rates on EVs (TESLARATI)
    72d 21h
    Source
  4. [3.2]
    China to investigate European brandy imports amid tariff tensions (The Guardian)
    73d 3h
    Source
  5. [3.6]
    EU imposes tariffs on China EVs; Nio may raise prices (CNBC)
    74d 2h
    Source
  6. [4.4]
    EU imposes provisional tariffs on China EVs from Jul 5 (CnEVPost)
    74d 7h
    Source
  7. [4.2]
    China aims to resolve EU EV tariffs swiftly (CNBC)
    74d 8h
    Source