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BRUSSELS —The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla to 35.3% for China 's SAIC, on top of the EU's standard 10% car import duty.
Germany, the EU's biggest economy and major car producer, opposed tariffs in a vote earlier this month in which 10 EU members backed them, five voted against and 12 abstained.Germany's economy ministry said on Tuesday Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry."The Federal Government stands for open markets.
European Union Electric Vehicles
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