A Chinese EV maker was slapped with a 36% tariff. The company said it didn't understand EU documentation.
Briefly

from Business Insider6 months ago
SAIC Motors has been penalized with a 36.3% tariff due to its failure to provide critical information to EU authorities, which relates to concerns of unfair subsidization.
Business Insiderhttps://www.businessinsider.com/european-union-chinese-ev-maker-saic-revised-tariff-overproduction-documentation-2024-8
The EU determined that SAIC’s submission was 'highly deficient', sparking significant tariffs that overshadow the comparatively lower penalties faced by peers like BYD and Geely.
Business Insiderhttps://www.businessinsider.com/european-union-chinese-ev-maker-saic-revised-tariff-overproduction-documentation-2024-8
Read at Business Insider
#saic-motors #eu-tariffs #trade-relations #electric-vehicles #china
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