How did the EU vote on Chinese EV Tariffs?
Chinese electric vehicle (EV) manufacturers are set to face steep tariffs when selling their products in the European Union (EU) after a vote by member states failed to reach a consensus, prompting the European Commission to intervene and push the measure forward. The tariffs, aimed at countering China's extensive subsidies that enable artificially low EV prices, will range from 7.8% to 35.3%, depending on the manufacturer’s cooperation with the EU's investigation. These duties, which could bring the total tariff for some Chinese automakers to over 45%, are expected to take effect on 31 October and last for at least five years, as the EU seeks to protect its car industry from unsustainable competition.