EU set to vote on potential 45% tariffs for Chinese EVs, talks continuing

The European Union is poised to vote on October 4 on whether to impose tariffs of up to 45% on electric vehicles (EV) imported from China, according to Bloomberg.

A draft of the proposed regulation has already been circulated to member states, though the vote was briefly delayed for last-minute negotiations with Beijing aimed at averting the tariffs.

Talks between the EU and China are expected to continue even if the tariffs are approved, Bloomberg reported which added that it understood that the final vote date could still be subject to change.

The proposed tariffs follow an investigation by the European Commission, the EU's executive body, which concluded that China unfairly subsidises its EV industry, putting European manufacturers at a disadvantage.

In response, China has denied any wrongdoing and has threatened retaliatory tariffs on European goods, including dairy, brandy, pork, and large-engine vehicles.