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Shockwaves in EV Market: EU Eyes Up to 45% Tariff on Chinese Imports

Daniel Kim Views  

Yonhap News

The European Union (EU) is set to vote on imposing significant tariffs on electric vehicles (EVs) imported from China, with plans to introduce duties as high as 45% potentially. According to EU officials, the vote is scheduled for October 4, though the date remains subject to change.

Yonhap News

Member states have received a draft regulation outlining the proposed tariffs, which must be approved by a vote among the 27 EU countries. For the tariffs to take effect by the end of October, at least 15 member states, representing 65% of the EU’s population, must refrain from casting a majority of votes against the measure.

The voting process has encountered delays as EU member states engage in last-minute negotiations with China to reach a resolution that could avert the new tariffs. In addition to the proposed 45% levy, the European Commission is also considering a separate proposal to impose a final tariff of up to 35.3% on Chinese-made electric vehicles, which would be in addition to the existing 10% standard import duty for cars entering the EU.

Daniel Kim
content@viewusglobal.com

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