EU's Response
The European Union has proposed tariffs of up to 36.3% on Chinese EVs, in addition to the existing 10% levy on all imports. This decision, expected to be finalized by October 30th, 2024, is seen as the most high-profile EU trade case against China in over a decade. The EU argues that these tariffs are necessary to level the playing field and counter what it perceives as unfair advantages gained through state subsidies.