EU counters Beijing's EV trade expansion, imposes high tariffs on Chinese producers

Brussels [Belgium], July 4 (ANI): The European Commission (EC), in a bid to counter China's attempts to capture the European markets, imposed additional tariffs to maintain healthy competition in the EU's electric vehicle market.

The additional taxes will be imposed on China-made Battery Electric Vehicles (BEVs) starting July 5, Euro News reported on Thursday.

The decision to impose the taxes was taken after an extensive