Automakers have already hit back at the tariffs.

On Thursday, Chinese EV maker $NIO-SW(09866.HK)$ said it is currently maintaining prices for its cars sold into Europe, but added that it “cannot be ruled out that prices may be adjusted at a later stage as a result of these tariffs being imposed.”

A spokesperson for another Chinese EV upstart, $XPENG-W(09868.HK)$ said on Thursday that customers who are awaiting deliveries of cars, or those who place new orders before the tariffs take effect, will be “protected from any price increases.”

It did not comment on whether it would end up raising prices as a result of the levies.

$GEELY AUTO(00175.HK)$ declined to comment.

When the EU first announced the tariffs last month, $Tesla(TSLA.US)$ said it will likely increase the Europe prices of its Model 3 vehicle. The EU has yet to say what specific level of tariffs Tesla will face, but noted last month that the U.S. automaker “may receive an individually calculated duty rate.”