EU Imposes Tariffs on Chinese Electric Vehicles
The European Commission has imposed new tariffs on battery electric vehicles imported from China, ranging from seven point eight percent to thirty five point three percent for five years. The move is intended to shield European carmakers from perceived unfair competition. Some EU members warn against escalating tensions with China, while negotiations for a diplomatic solution are still being sought.
The European Commission has decided to impose tariffs on battery electric vehicles (BEVs) imported from China, receiving the necessary support from EU members.
These tariffs range from 7.8% to 35.3% and are set to supplement the EU’s standard 10% import duty, lasting five years.
The move follows an anti-subsidy investigation initiated in October 2023.
While ten countries like France, Italy, and Poland backed the proposal, others like Germany and Hungary opposed it, fearing a trade war.
The EU contends that the tariffs protect European carmakers against unfair competition from Chinese companies benefiting from state subsidies.
Despite objections, the EU is still open to finding an alternative resolution with China.
These tariffs range from 7.8% to 35.3% and are set to supplement the EU’s standard 10% import duty, lasting five years.
The move follows an anti-subsidy investigation initiated in October 2023.
While ten countries like France, Italy, and Poland backed the proposal, others like Germany and Hungary opposed it, fearing a trade war.
The EU contends that the tariffs protect European carmakers against unfair competition from Chinese companies benefiting from state subsidies.
Despite objections, the EU is still open to finding an alternative resolution with China.
