Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

EU to impose multi-billion-euro tariffs on Chinese EVs: FT

by Riah Marton
in Technology
EU to impose multi-billion-euro tariffs on Chinese EVs: FT
Share on FacebookShare on Twitter


THE European Commission will notify car makers on Wednesday that it will provisionally apply additional duties of up to 25 per cent on imported Chinese electric vehicles from next month, the Financial Times reported citing people familiar with the matter.

The EU is expected to disclose the tariffs due to what it says are excessive subsidies, FT added.

The EU and China’s Ministry of Foreign Affairs did not immediately respond to a Reuters request for comment.

Less than a month after Washington quadrupled duties for Chinese EVs to 100 per cent, Brussels is expected to set almost certainly far lower tariffs for imports from Chinese makers such as BYD and Geely as well as western producers such as Tesla that export cars from China to Europe.

BYD, Geely, SAIC and Tesla did not immediately respond to Reuters queries on the report.

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

China has rebuked the EU over the anti-subsidy investigation, urged cooperation and lobbied individual EU countries, but not fully spelt out what its response to tariffs would be. REUTERS

Tags: ChineseEVsimposemultibillioneuroTariffs
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Johor Plantations, Kulim eye biggest Malaysian IPO in two years

Johor Plantations, Kulim eye biggest Malaysian IPO in two years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In