EU slaps tariffs on Chinese EVs, risking Beijing payback

Extra levies range from 7.8% for Tesla to 35.3% for China's SAIC

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An SAIC Motor factory in Shanghai. The Chinese carmaker faces an additional 35.3% tariff in the EU on top of the standard 10% car import duty. © Reuters

BRUSSELS (Reuters) -- The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.

Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla to 35.3% for China's SAIC, on top of the EU's standard 10% car import duty.

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