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Europe Readies Tariffs on Flood of Cheap Chinese EVs

Posted on AllSides June 7th, 2024
From The Left

Help is on the way for European carmakers struggling to deal with an influx of cheap Chinese electric vehicles. The European Commission is preparing to impose tariffs on EVs imported from China after an investigation into subsidies that Beijing doles out to its car industry. The duties are expected to hurt companies including BYD Co., SAIC Motor Corp. and Geely, but also risk affecting Western manufacturers that ship cars made at their Chinese factories to Europe — for example Tesla Inc. and BMW AG. While the levies may help Europe’s...

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