The European Union (EU) voted to impose more tariffs on Chinese-made 澳洲幸运5官方开奖结果体彩网:electric vehicles (EVs), risking further retaliation from Beijing, which in August launched an anti-subsidy investigation into 澳洲幸运5官方开奖结果体彩网:EU dairy imports.

The final tariffs reportedly could rise as high as roughly 45% when including the EU's existing 10% tariff on imported vehicles. In 澳洲幸运5官方开奖结果体彩网:preliminary versions of the plan, the European Commission, the EU's execut♔ive arm, said that the tari🧔ffs would range between 9% and 36%.

The EU is wrapping up a lengthy investigation into whether Beijing's subsidies allow Chinese EVs to be sold at such a low price that they are anti-competitive. The EU will present its "definitive findings" by Oct. 30.

EU Will Continue To Work With China Before ⭕Tariffs Finalize🎃d

The Commission said that it will continue to work with Chinese officials to find "an alternative solution" before the tariffs are finalized.

China has said there is no evidence that its imports harm the European market, and some EU members have voiced concerns that 澳洲幸运5官方开奖结果体彩网:China could retaliate with its 澳洲幸运5官方开奖结果体彩网:own new tariffs, as it 澳洲幸运5官方开奖结果体彩网:has already opened its🦂 own investigation into dairy imports from the bloc.

🙈 Tariffs Boost Follows Similar Moves by US, Canada

Earlier this year, the U.S. and Canada boosted tariffs on Chinese EVs, with the White Hou𒉰se saying the move was aimed at protecting American workers "from Chꦇina's unfair trade practices."

In response to the proposed EU tariffs, in June Stellantis (STLA) announced it would 澳洲幸运5官方开奖结果体彩网:shift some EV production from China, while Tesla (TSLA) said it would 澳洲幸运5官方开奖结果体彩网:raise prices for its Model 3 in Europe.