AssetID: 53845508
Headline: European Union Announces Higher Tariffs on Chinese EVs
Caption: On June 12, the EU said it will impose higher tariffs on imports of Chinese electric vehicles (EVs), CNBC reports. The increase in tariffs is the result of a probe launched by the EU in October. According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
Keywords: EU,European Union,Announces,Higher,Tariffs,Chinese,EVs,Electric Vehicles,Imports,China,Electric,Unfair,Subsides,Producers,Economic Injuries,Increase,Taxes
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