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Electric vehicles are fuelling the European Union’s trade tensions with Beijing. Beginning today, the European Union imposes tariffs of up to 37.6% on imports of electric vehicles made in China. There is a four-month window during which the tariffs are only provisional and intensive talks are expected to continue between the two sides. The European Commission's provisional duties are designed to prevent a threatened flood of cheap EVs built with state subsidies. The EU anti-subsidy investigation has nearly four more months to run. Once it’s done, the Commission could propose definite duties, typically applying for five years, on which EU members would vote. Tariffs will be different for different EV makers.. While China’s largest EV maker BYD will face duties of 17 per cent. Geely will be taxed close to 20 per cent. Chinese state-owned firm SAIC will be taxed at the highest rate and these are on top of the EU's standard 10% duty on car imports. Western carmakers exporting from China who the EU says have cooperated with the anti-subsidy probe will face the heat as well. Tesla and BMW will be subject to 20.8% tariffs. The European Commission says the share of Chinese EVs in Europe could touch 15 per cent next year. And compared to EU models, the Chinese ones are about 20 per cent cheaper. The EU launched its anti-subsidy investigation into Chinese EVs last October. Analysts say the EU tariffs will force companies using Made in China exports as their business model to reconsider that strategy. And look for other greener markets. And the tariffs won’t help European carmakers either. On the day, the EU announced higher tariffs, BYD opened an EV plant in Thailand, the automaker's first factory in Southeast Asia. Thailand is the largest overseas market for BYD. The Thai government wants EVs to make up a third of cars produced there by 2030. BYD says its Thailand factory can make 150,000 EVs per year. It will also act as a hub for exports to ASEAN countries and beyond. On the day the EU tariffs came into force, China announced that it will hold an anti-dumping hearing on brandy imported from the EU on the 18th of July. The trade war is revving up, for sure. Join Nitin Gokhale's Strategic Group WhatsApp Channel to get the latest updates from articles on our website and videos on our YouTube Channel: https://www.whatsapp.com/channel/0029... Since many of our well-wishers requested a UPI payment id to contribute and support us, here’s the link, which gives us 100% of what you choose: https://stratnewsglobal.com/support-us/ You can also click and buy a YouTube Super Thanks(the heart icon where you liked this video), which directly supports StratNewsGlobal, with 70% of your chosen amount. Leave your comments, questions, and feedback. Like and share our videos. Subscribe to our YouTube channel. Click on the 🔔icon to get notified of our latest uploads. To get instant updates join our telegram circle - https://t.me/stratnewsglobalbroadcast