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Tariffs on Chinese EV Imports to be Increased by the EU

EU to Increase Tariffs on Chinese Electric Vehicle Imports

The European Union has announced plans to impose tariffs of up to 38% on Chinese electric vehicle imports, potentially amounting to over €2 billion annually. This decision follows a thorough nine-month investigation into alleged unfair subsidies benefiting Chinese electric vehicle manufacturers, including prominent brands such as BYD, Geely, and SAIC. The EU's anti-subsidy investigation…

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