The European Union (EU) voted to impose more tariffs on Chinese-made 澳洲幸运5开奖号码历史查询:electric vehicles (EVs), risking further retaliation from Beijing, which in August launched an anti-subsidy investigation into 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:preliminary versions of the plan, the European Commission, the EU's executive arm, said th𒐪at the tariffs would range betw⛎een 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 Tariff♌s Finalized

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开奖号码历史查询:China could retaliate with its 澳洲幸运5开奖号码历史查询:own new tariffs, as it 澳洲幸运5开奖号码历史查询:h💟as already opened its own investi🌄gation into dairy imports from the bloc.

Ta꧙riffs Boost Follows Similar Moves by US, Canada

Earlier this year, the U.S. and Canada boosted tariffs on Chinese EVs, with the White House saying the m♓ove was aimed at protecting Aܫmerican workers "from China's unfair trade practices."

In response to the proposed EU tariffs, in June Stellantis (STLA) announced it would 澳洲幸运5开奖号码历史查询:shift some EV production from China, while Tesla (TSLA) said it would 澳洲幸运5开奖号码历史查询:raise prices for its Model 3 in Europe.