According to media reports, informed sources revealed that after further consideration and receiving more information from affected companies, the EU has slightly adjusted its proposed tariffs on electric vehicles imported from China.
The originally proposed tariff on MG electric vehicles imported from China was 38.1%, but it has been adjusted to 37.6%. The revised proposed tariff for Geely (which owns Volvo and Polestar) will be reduced from the original 20% to 19.9%.
Other Chinese electric vehicle manufacturers cooperating with the EU investigation but not selected for sampling will be subject to a weighted average tariff of 20.8%, while Chinese electric vehicle manufacturers that did not cooperate with the investigation will be subject to an additional tariff of 37.6%. BYD will continue to be subject to a tariff of 17.4%.
The European Commission informed the relevant companies of the initial proposed tariffs earlier this month. This decision is based on the results of an anti-subsidy investigation into Chinese electric vehicles. The provisional tariffs will take effect on July 4, while the final tariffs are planned to be officially implemented in November. Tesla may receive a separately calculated rate in the final stage after sampling.
EU member states, including Germany, and some automakers have been pushing for negotiations between the EU and China. Both parties need to explore and find effective ways to resolve trade disputes while complying with World Trade Organization rules. In a statement last month, the EU made it clear that the provisional tariffs were introduced through guarantees and will only be collected if the tariffs are definitively imposed.
