24 Jun 2024

China and the EU have agreed to start talks on the planned imposition of tariffs on Chinese-made EVs being imported into the European market, senior officials of both sides said on Saturday. The risk of soaring Chinese electric car prices in the EU could be easing after both sides agreed to negotiate a planned series of import taxes. The EU’s provisional duties range from 17.4% to 38.1% on imported Chinese EVs, depending on the brand, are set to apply by July 4. They would come on top of the current rate of 10% levied on all electric cars produced in China.

CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 61)