The European Union Revises Tariffs on the Electric SUV Produced by Volkswagen in China
EU reviews tariffs on VW's China-made electric SUV, possibly easing 45% duties amid ongoing EU-China trade tensions.
According to Bloomberg, the European Union is reviewing the tariffs on an electric SUV manufactured by Volkswagen AG in China, raising the possibility of easing the burden on the German company from the high tariffs imposed by the bloc. The European Commission announced this step in the EU Official Journal on Thursday. This comes after more than a year of the bloc imposing tariffs of around 45% on electric vehicles from China, escalating trade tensions between the two exporting powers. Key points: The EU is reviewing tariffs on the electric SUV manufactured in China by Volkswagen (Cupra Tavascan), which could provide relief from the 45% tariffs imposed on Chinese electric vehicles for over a year, amidst escalating trade tensions between the EU and China.
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