Brussels May Rethink China EV Import Tariffs for Volkswagen, BMW, Sources Say

ELECTRIC VEHICLE - BERLIN. The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers' imports of China-made EVs, two sources with knowledge of the matter said.

The European Commission was willing to classify the two carmakers as 'cooperating companies', the sources said, making them eligible for a 20.8% tariff on their China-made models, down from a tariff of 37.6% under current plans.