Britain set to levy tariffs on Chinese electric cars, The Times reports

Britain is reportedly considering the imposition of tariffs on Chinese electric vehicle imports, with ministers prepared to match the European Union's 45 percent levy. The Times reported that the move is driven by concerns that Beijing is flooding the market with state-subsidized cars.

In addition to addressing market distortion, the proposed UK tariffs aim to prevent potential negative impacts on British companies selling vehicles into the EU, helping them avoid complications associated with separate 'Made in Europe' proposals.