The world is tearing into China over its cheap EVs. While some countries welcome affordable cars with welcome arms, others that rely so heavily on manufacturing for their economies aren't exactly thrilled. This has resulted in the government strong-arming these EVs built with 'unfair subsidization'—though some have since softened. Meanwhile, the EV makers that do serve the U.S. market are trying new things to juice sales.
3% would apply to SAIC and other companies not cooperating with EU investigation, the source said. These tariffs are on top of the EU's standard 10% import duty for cars. Last month, the EU set out its initial proposal for final duties, establishing a separate rate of 9% for Tesla EVs, a sharp reduction from the higher duty that will apply to all cooperating companies—now set at 20.7%.