The EU Commission has announced plans to impose punitive tariffs on imports of Chinese electric vehicles from 1 July if no alternative agreement can be reached with Beijing. The tariffs will be as high as 38.1 percent depending on manufacturer and, according to Brussels, aims to prevent Chinese companies from flooding the EU market with heavily subsidised cheap e-cars. The EU is thus following the example of the US, which already imposes punitive tariffs of 100 percent on Chinese electric vehicles. Beijing has reacted with anger to the news.
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