BYD is just one of the Chinese automakers facing increased tariffs in the EU. | Image: Getty
The European Union will place an additional tariff on vehicles imported from China starting next month, the commission announced on Wednesday. The extra tariffs go as high as 38 percent, adding to the existing 10 percent duty the EU imposes on foreign vehicles.
The move comes after a monthslong investigation concluded that Chinese EV makers benefit from unfair state-backed subsidization, allowing them to sell thei...
