Global Ukraine News

The duties will range from 17.4% to 37.6% and will be in place for four months while the EU conducts a further investigation into the matter. The EU claims that Chinese electric car manufacturers receive unfair subsidies from their government, giving them an unfair advantage in the European market. The EU says these subsidies include tax breaks, cheap loans and direct payments. Tariffs are being imposed on a number of Chinese electric vehicle manufacturers, including BYD, Geely and SAIC. The specific tariff rate for each producer will vary depending on the level of subsidies they allegedly received. The EU's decision to impose tariffs drew criticism from China. The Chinese government called the tariffs "protectionist" and threatened to retaliate with its own tariffs on European goods. The EU tariffs are likely to have a significant impact on China's electric vehicle industry. BYD, the world's largest electric car maker, is expected to be hit particularly hard by t