From InvestorPlace: 2024-06-24 12:57:20

Shareholders of Chinese EV stocks like Nio, Li Auto, and XPeng should mark July 4 on their calendars as provisional EU duties on imported China-made EVs will become active, ranging from 17.4% to 38.1%. The EU may enact final duties by Nov. 3 if provisional duties remain. Negotiations are ongoing.

Provisional duties can last up to four months, with the EU discussing final duties on Chinese EVs due to China’s subsidization threatening domestic production and sales. An agreement on tariffs between the EU and China is being negotiated to address injurious subsidization. Both parties are at risk with potential tariffs imposed.

China and the EU are in negotiations to discuss tariffs on Chinese EVs, with China hoping to prevent the enactment of the tariffs. European automakers like Mercedes Benz and BMW could face retaliation from China if tariffs are imposed, as many have extensive operations and production facilities in China. Shareholders await updates on the situation.



Read more at InvestorPlace: Chinese EV Stocks Eye July 4 Deadline in European Tariff War