EU Moves Ahead With Provisional Tariffs on EV Imports From China

The European Union moved ahead with plans to impose provisional tariffs on the imports of electric vehicles made in China that would raise rates to as high as 48%, a step likely to escalate trade tensions with Beijing. The EU confirmed in a news release Thursday that under its anti-subsidy investigation, it would apply provisional duties on three Chinese manufacturers that were sampled for the investigation. MG maker SAIC Motor Corp. faces a 37.6% tariff on top of the existing 10% rate, while Volvo Car AB owner Geely and BYD...