EU to Announce Tariffs on Chinese Electric Vehicles

European Union prepares to impose tariffs on Chinese EVs amid concerns over market distortion from state subsidies.

Tariff rates are expected to rise from the current 10% to between 20% and 30%.
Volvo shifts production of EX30 and EX90 models from China to Belgium to avoid tariffs.
European automakers express concerns about potential retaliatory tariffs from China.
Chinese EV manufacturers are setting up factories in Europe to circumvent tariffs.
The move follows the US imposing a 100% tariff on Chinese EV imports last month.