EU to go ahead with tariffs on Chinese EVs after failure in talks
Beijing sought blanket deal applied to all companies through state-backed chamber of commerce as bloc preferred negotiations with each firm
The ruling could be written into EU law as soon as Tuesday evening, ahead of the final procedural deadline for imposing the duties on Wednesday. Duties will be collected from midnight on the day after.
Other companies deemed to have cooperated with the EU’s anti-subsidy probe will pay a rate of 20.7 per cent, while those found to have been uncooperative will pay the maximum 35.3 per cent. The duties will be imposed for a period of five years.
“We welcome competition, including in the electric-vehicle sector, but it must be underpinned by fairness and a level playing field,” said EU trade chief Valdis Dombrovskis.