EU may cut China EV import tariffs for Volkswagen and BMW, sources say

August 16, 2024


BERLIN (Reuters) -The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the matter said. The European Commission was willing to classify the two carmakers as so-called cooperating companies, the sources said, making them eligible for a 20.8% tariff on their China-made models, down from a tariff of 37.6% under current plans.

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