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Automakers

EU to impose new tariffs of up to 38% on Chinese electric vehicles

BYD showroom Hungary Arc 24
Chinese automakers such as BYD are targeting Europe as a key sales market. A BYD showroom in Budapest is pictured. (BLOOMBERG)
R
By:
Reuters
June 12, 2024 06:53 AM

BRUSSELS -- The European Commission notified automakers on Wednesday that it would apply additional duties of up to 38.1 percent on imported Chinese electric vehicles starting next month.

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