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Autos exported by BYD, the largest EV maker in China, would face a 17% tariff, while those from Shanghai-based SAIC Motor would be hit with the highest rate of 36.3%
Friction between China and the EU is building regarding EV tariffs as China urged the European Union to stop “politicizing” trade issues after the EU released a draft decision to finalize tariffs on electric vehicles made in China. The EU’s draft decision on final EV tariffs made mostly minor modifications to the provisional rates announced last month.
Autos exported by BYD, the largest EV maker in China, would face a 17% tariff, while those from Shanghai-based SAIC Motor would be hit with the highest rate of 36.3%. In Beijing, China’s Foreign Ministry spokesperson Mao Ning once again denounced the tariff plan, saying it was politically motivated and urged the EU to roll back the decision.
The tariffs are subject to the approval of the EU member states. A final decision must be made by early November, four months after the July 5 effective date of the provisional tariffs.
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