EU’s Provisional Punitive Tariffs for Chinese E-Cars: A Step Away from its Green Deal Goals
In July this year, the EU Commission suggested the punitive tariffs for imported electric cars from China. The provisional countervailing duties up to 36.3 percent were announced on 20. August. If passed by the majority of the member states in mid-October, the tariffs shall come into force and apply for five years for the time being. For the Chinese manufacturer BYD, the EU provides for a final tariff of 17 percent, for Geely 19.3 percent and for Saic as high as 36.3 percent. The punitive tariffs also apply to the Western carmakers such as Tesla and VW which produce in…