Overview

• 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.