The Commission said China's electric car subsidies pose the "threat of economic injury" to electric car producers in the European Union. The provisional levies would vary between producers at 17.4% on BYD cars, 20% on Geely, and 38.1% on SAIC vehicles. The EU provisional duties are set to apply by July 4, and the anti-subsidy investigation is set to continue until November 2. After that, "definitive duties," typically in place for five years, would apply. Brussels said the Commission would then apply rates of 21% for companies deemed to have cooperated it and 38.1% for those that did not. Photo: Internet Source

However, Brussels said there might be time to resolve the issue before the interim tariffs are imposed next month.

The Commission said China's electric car subsidies pose the "threat of economic injury" to electric car producers in the European Union.

The provisional levies would vary between producers at 17.4% on BYD cars, 20% on Geely, and 38.1% on SAIC vehicles.

The EU provisional duties are set to apply by July 4, and the anti-subsidy investigation is set to continue until November 2.

After that, "definitive duties," typically in place for five years, would apply.  Brussels said the Commission would then apply rates of 21% for companies deemed to have cooperated it and 38.1% for those that did not.

The Commission said China's electric car subsidies pose the "threat of economic injury" to electric car producers in the European Union.

The provisional levies would vary between producers at 17.4% on BYD cars, 20% on Geely, and 38.1% on SAIC vehicles.

The EU provisional duties are set to apply by July 4, and the anti-subsidy investigation is set to continue until November 2.

After that, "definitive duties," typically in place for five years, would apply.  Brussels said the Commission would then apply rates of 21% for companies deemed to have cooperated it and 38.1% for those that did not.