US and EU Consider Tougher Tariffs on Chinese EV Imports Amid Security Concerns

As the US and EU weigh the implications of increased tariffs on Chinese electric vehicles, concerns over national security and market competition intensify.

• US senators urge the Biden administration to increase tariffs on Chinese EVs, citing national security risks and the threat to American automotive manufacturing.
• The EU is considering imposing extra tariffs on Chinese EV imports due to illegal government subsidies, with potential unintended consequences including higher consumer prices and Chinese retaliation.
• The European Commission has started a registration process for retroactive tariffs on Chinese EVs, indicating a possible increase in tariffs by July.
• Chinese EV makers are ahead in the market, with lower costs and a significant presence in Europe, raising concerns among European automakers.
• The US Commerce Department is investigating whether Chinese vehicle imports pose a national security threat due to the data they collect.

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