Key takeaways from the EU's decision to impose high tariffs on Chinese EVs

After a nine-month investigation, the EU has decided to impose provisional tariffs on electric vehicles imported from China on top of the existing 10 percent import duty, creating a top rate of about 48 percent. The move could potentially set off a trade war that would hit German automakers BMW, Mercedes-Benz and Volkswagen that count China as their biggest single market.