The EU confirmed tariffs between 17.4% and 37.6% on Chinese EVs to protect against unfair competition due to alleged 'illegal subsidisation'.
EU aims to safeguard competitiveness and green industrial leadership by combating market distortions and unfair competition in the electric vehicle sector.
China's subsidies led to artificially lower prices for Chinese EVs, posing economic injury to EU carmakers as per Brussels' assessment.
Despite objections from some EU officials and carmakers, the EU asserts the tariffs are necessary to ensure a level playing field and protect domestic industries.
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