The European Commission outlined provisional countervailing duties that it plans to apply to battery electric vehicles (BEVs) imported from China if talks with Beijing do not lead to a resolution regarding the unfair subsidization of Chinese carmakers on Wednesday.
"This is causing a threat of economic injury to EU battery electric vehicles producers," the Commission said in the report. The individual tariffs would entail a 17.4% levy on BYD, a 20% duty on Geely, and a 38.1% tariff on SAIC. Additionally, all other Chinese BEV producers participating in the investigation would face an average duty of 21%. Carmakers that did not cooperate in the inquiry would be subject to a residual levy of 38.1%. The measures will be introduced from July 4 should negotiations with Beijing authorities fail.
Furthermore, Tesla could also be slapped with an individually calculated duty rate at the definitive stage.
