Britain set to levy tariffs on Chinese electric cars, The Times reports
British ministers are ready to match the European Union's 45 per cent levy on Chinese electric cars, the Times newspaper reported, to avoid the pain of "Made in Europe" proposals, which could impact UK companies selling into the EU.
Britain is reportedly considering imposing tariffs on Chinese electric vehicle imports, according to The Times. Business minister Jonathan Reynolds is reportedly drawing up a package of potential tariffs in response to concerns that Chinese manufacturers are flooding the market with state-subsidised cars. The British government has not yet confirmed the reports, but sources suggest that ministers may match the European Union's 45% levy on Chinese electric cars to avoid the impact of the EU's "Made in Europe" policy.
This policy aims to reduce reliance on Chinese components by prioritising European-made goods, which has raised concerns among British automakers.
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