EU slaps tariffs on Chinese EVs, risking Beijing backlash

By Philip Blenkinsop – Reuters

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.

Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla (TSLA.O), opens new tab to 35.3% for China’s SAIC, on top of the EU’s standard 10% car import duty.