As expected, on Wednesday 12 June the European Commission confirmed its decision to impose provisional tariffs on imports of Chinese battery electric vehicles. The amount of the countervailing duty had not been known until now: it will range from 17.4% to 38.1%, depending on the producer. This will be in addition to the usual customs duty of 10% for these vehicles.
The Commission’s investigation confirmed the existence of Chinese state subsidies throughout the value chain: from the...