EU to Start Levying Temporary Tariffs on CN EVs from 4 July - Rumour

contenido

The South China Morning Post (SCMP) reported that automobile associations from China met the EU trade department at a hearing in Brussels, Belgium, on Monday (3 June). It is learnt that Chinese carmakers were told at the meeting to expect temporary EU tariffs on Chinese-built electric vehicles from 4 July, without revealing the rate of the tariffs.The sources said the European Commission will privately notify companies of the level of import tariffs next week, and the affected companies have sought legal advice on the matter.
Related NewsCiti Hikes BYD COMPANY (01211.HK) TP to $475, Lifts 2024/ 25E Sales
AAStocks Financial News

Resumir
Chinese carmakers were informed at a meeting in Brussels that they should expect temporary EU tariffs on Chinese-built electric vehicles starting from 4 July. The exact rate of the tariffs was not disclosed during the meeting. The European Commission plans to privately notify companies of the tariff levels next week, prompting affected companies to seek legal advice on the matter.