China firmly opposes move on EV tariffs

THE European Union's plan to impose definitive countervailing duties on imports of electric vehicles from China is likely to weaken Chinese investors' confidence in Europe and hinder the growth of the global green industry, said market watchers and industry leaders on Wednesday.

The European Commission, the EU's executive arm, said on Tuesday that it plans to impose import tariffs of up to 36.3 percent on EVs produced in China, and that any potential measures would be in force for five years. A final decision is pending.