The European Commission is considering imposing punitive tariffs to protect European Union automakers against cheaper Chinese electric vehicle imports, which the agency says benefits from state subsidies. “Global markets are now flooded with cheaper electric cars,” said European Commission President Ursula von der Leyen during her annual address to the EU’s parliament. “And their price is kept artificially low by huge state subsidies.” The current standard EU rate for cars is 10%. The Commission will decide over the next 13 months whether to impose tariffs above that standard, which could spark a trade war with China. The anti-subsidy investigation also includes non-Chinese brand
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