EU slaps additional duties of up to 38% on Chinese EVs

LONDON/BRUSSELS -- The European Commission announced on Wednesday import tariffs of up to 38% on Chinese electric vehicles, after its investigation found that producers in China benefited from "unfair subsidies" throughout their supply chains -- from lithium refining to the transportation of the final products.

But in a sign that European Union members may struggle to find unity in how to treat China, Hungary released a statement afterward saying it "does not agree with punitive tariffs, as protectionism is not a solution," calling the decision "highly discriminatory."