Explainer-What happens next in the EU investigation into Chinese EVs?
BRUSSELS -China and the European Commission have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles being imported into the European Union, opening the door to potential de-escalation.
Provisional duties are only collected if definitive duties are imposed at the end of the investigation. If definitive duties are lower or not applied, then provisional duties are adjusted down accordingly. Until then, customs authorities normally just require a bank guarantee from importers. By July 4, the Commission is due to publish in the EU official journal a lengthy document detailing the ongoing investigation and its findings. The provisional duties will then apply the following day.
Its final report generally reads as a confirmation of its provisional findings, with possible adjustments following comments received. At the end of the investigation, the Commission can then propose definitive duties, normally applying for five years. The Commission itself often looks into whether producers are evading duties via exports of parts for assembly elsewhere. For the EU, such circumvention exists if 60% or more of the value of parts are imported from the country subject to duties and if the value added in the assembly is no more than 25%.
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