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Unicredit Research

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External broker reports(aggregated public sources)

Unicredit

Macroeconomics

<ul><li>In mid-May, US President Biden announced to quadruple US import tariffs on Chinese electric vehicles (EVs) to 100%.</li><li>As recently suggested by EU policymakers such as Trade Commissioner Dombrovskis, the EU is likely to also hike tariffs, but probably less markedly from the current 10%.</li><li>The deadline to inform EV exporters of preliminary findings and whether the EU tariffs will be imposed expires on 5 June, with the deadline to impose provisional tariffs running out on 4 July.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In mid-May, US President Biden announced to quadruple US import tariffs on Chinese electric vehicles (EVs) to 100%.As recently suggested by EU policymakers such as Trade Commissioner Dombrovskis, the EU is likely to also hike tariffs, but probably less markedly from the current 10%.The deadline to inform EV exporters of preliminary findings and whether the EU tariffs will be imposed expires on 5 June, with the deadline to impose provisional tariffs running out on 4 July.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Chart of the Week - Higher tariffs on Chinese EVs? The EU (consumer) perspective