Chinese cargo containers on map of Europe. Import of chinese goods concept. 3D rendered … [+]
The European Union initiated provisional penalty tariff increases on Chinese electric vehicles and Europe’s automakers aren’t sure when the expected retaliation will arrive, or how serious it will be.
The EU Thursday raised tariffs up to almost 48% with SAIC’s MG facing a 37.6% tariff on top of the existing 10%. Geely and BYD attracted increased levies of 19.9% and 17.4%. Other manufacturers who cooperated with the EU investigation face an average duty of 20.8% while…
