What to know about extra-European tariffs on Chinese electric cars
The European Union said Wednesday it would impose additional tariffs of up to 38% on electric cars built in China, a move that would help level the playing field for automakers in Europe.The tariffs, expected for months, come on top of existing 10% duties, but the level of their impact has been disputed. Some European automakers say they will start a trade war, but other experts have said they will not stop China's dominance in the industry.Instead, they argue that incentives to make low-emission cars more attractive to drivers would be needed if the European Union hopes to reach its goal of banning the sale of new internal combustion engine vehicles in 2035.What does this mean for consumers?Industry experts predict that increased tariffs on electric vehicles from China will hurt cons...