EU Duties on Chinese EVs Could Rise to 30%, Law Firm Says
Even if the EU decides against imposing higher tariffs on Chinese electric vehicles in its ongoing countervailing duty probe (see 2310040012 and 2403150047), the bloc is likely to levy some sort of increased tariffs on Chinese EVs “in the future,” Taylor Wessing said in a June 3 client alert. The law firms said “observers believe” that the EU could raise those duties from the current 10-15% rate to about 30%.
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If the EU moves forward with higher duties, auto companies with production facilities in China “have to fear repercussions,” the firm said. “Affected car manufacturers should keep an eye on developments and take any necessary measures.”