Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
EU Grants 1st Additional Tariff Exemption for CN-Made EVs Under Price Floor & Quota
Recommend 10 Positive 21 Negative 4 |
||||
|
||||
|
The European Commission has approved an application from Volkswagen's Cupra brand, allowing its China-produced Tavascan SUV coupe to be exempted from import tariffs in exchange for adopting a minimum price and quota mechanism, marking the first time the EU has accepted such a commitment, according to Reuters. As the EU decided to impose additional tariffs on Chinese-made electric vehicles in 2024, the fully electric Tavascan, in addition to the existing 10% tariff, is supposed to be subject to an additional 20.7% tariff. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
