EU is expected to unveil tariff plans for Chinese EVs this week

From cnbc.com

The European Union is expected to reveal its tariff rate plan for Chinese electric vehicles this week, as the bloc cracks down on low-priced, subsidized imports. The EU has a standard 10% duty on imported EVs, but is set to provisionally raise those fees for Chinese EVs starting July 4. Citi analysts on Monday said the tariff rate could be “hiked to ~25-30% from 10% currently, while our risk scenario (40% probability) envisages a hike in the tariff rate to 30-50%.” Anthony Sassine, senior investment strategist at KraneShares, on Tuesday said he expects the tariff rates to be “between 10% and 20%” but “could ... (full story)