The European Commission said it will impose extra duties of up to 38.1% on imported Chinese electric vehicles from July, risking retaliation from Beijing which said on Wednesday it would take measures to safeguard its interests.
Less than a month after Washington announced plans to quadruple duties for Chinese EVs to 100%, Brussels said it would combat excessive subsidies with additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC, on top of the standard 10% car duty.
That equates to billions of euros of extra costs for the carmakers at a time when they are struggling with slowing demand and falling prices at home, according to calculations based on 2023 EU trade data.
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