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EU slaps Chinese electric cars with tariffs of up to 38%

  • The EU is implementing higher tariffs on Chinese electric vehicles due to unfair subsidies, threatening the European electric vehicle industry.
  • The European Commission's investigation found Chinese electric car companies benefited from government support, allowing them to undercut EU prices and gain market share.
  • Tariffs aim to address the disparity in subsidies, which have enabled Chinese carmakers to dominate the market unfairly.
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observerdiplomat.com broke the news in on Thursday, July 4, 2024.
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