The European Union confirmed its decision to raise tariffs on electric vehicles imported from China, citing unfair subsidization practices. The tariffs, ranging from 17.4% to 37.6%, will impact Chinese automakers like BYD and potentially European brands with factories in China, such as Tesla. This decision comes as Chinese automakers have been expanding into Europe with competitive prices, posing a threat to traditional European automakers. Chinese EV companies like Nio and Xpeng are considering price adjustments in response to the tariffs, with negotiations ongoing between China and the EU. The tariffs are provisional for four months, with definitive duties needing approval from EU member states for a five-year duration. Chinese officials hope for a mutually acceptable solution to be reached soon.