The European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles, adding another pressure point to Chinese EVs on top of existing American duties imposed by President Biden.
The European Commission announced the new five-year tariffs following a year-long investigation that determined Beijing engaged in unfair practices to benefit domestically-produced EVs. In addition to the EU’s existing 10 percent tariffs on imports, the commission will impose the duties according to the subsidy automakers received from Beijing. Tesla will be slapped with the........