EU to Impose Temporary Tariffs on Chinese EV Imports

Starting 4 July, the EU will levy temporary tariffs up to 38.1% on Chinese-made electric vehicles (EVs) due to concerns over unfair subsidies harming EU manufacturers.

Tariff Rates: $BYD COMPANY(01211.HK)$ faces a 17.4% tariff, $GEELY AUTO(00175.HK)$ 20%, and $SAIC Motor Corporation(600104.SH)$ 38.1%.
Cooperative manufacturers face an average tariff of 21%, while non-cooperative ones face the maximum 38.1% tariff.
If talks between the EU and China fail, these provisional tariffs will be enforced from 4 July.