EU to Hit Chinese Electric Vehicles With Extra Tariffs of Up to 38%

ELECTRIC VEHICLE - BRUSSELS - The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, in a move that China called protectionist but its car industry dismissed as one without a major impact.

Less than a month after Washington quadrupled duties quadrupled duties for Chinese EVs to 100%, Brussels said it would set additional tariffs of 17.4% for BYD 002594.SZ, 20% for Geely 0175.HK and 38.1% for SAIC 600104.SS, on top of the existing 10%, over what it said were excessive subsidies.