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UK business secretary weighs up tariffs on Chinese EVs
The UK business secretary is considering imposing tariffs on electric vehicles imported from China, according to a Financial Times report. The move would follow similar steps by the US and EU, which have raised duties on Chinese EVs over subsidies. The deliberation has drawn attention from the automotive industry, which is watching how Britain balances trade policy with keeping EV prices competitive.
Why now: The UK is deciding whether to follow the US and EU in raising trade barriers against Chinese electric vehicles.
UK Business SecretaryChinaUnited KingdomFinancial Times
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- UK business secretary weighs up tariffs on Chinese EVs · Financial Times
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