Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

China Warns EU Against Tariffs on Electric Vehicles

China has warned the European Commission against imposing tariffs on imported electric vehicles following an anti-subsidy investigation. The EU suspects Chinese EVs are priced lower due to state aid, leading to potential tariffs. China has threatened retaliation, including raising tariffs on imported large-engine vehicles. Member states are divided on the issue, with concerns about potential trade wars.
China has warned the European Commission against imposing tariffs on imported electric vehicles (EVs) following an anti-subsidy investigation.

The EU suspects Chinese EVs are priced lower due to state aid, leading to potential tariffs to offset this advantage.

The investigation, announced in September last year, is nearing completion, with provisional duties possibly announced next month.

Currently, the EU applies a 10% levy on all imported cars.

China has threatened retaliation, including raising tariffs on imported large-engine vehicles to 25%, affecting European carmakers.

The Chinese Foreign Ministry urged the EU to stop the investigation to avoid disrupting economic and trade cooperation.

Member states are divided on the issue, with Sweden, Ireland, Germany, and Hungary expressing concerns about potential trade wars.

The European Commission aims to ensure fair competition and prevent market distortions.

Chinese brands like BYD, Nio, and Xpeng have increased their share of the European EV market, which could reach 15% by 2025.

The investigation's outcome could lead to tariffs in the 15-30% range, while the US recently announced a 100% hike on Chinese EVs.
Newsletter

Related Articles

0:00
0:00
Close
WHO Warns About Fake Diabetes and Weight-Loss Drugs
United States Bans Kaspersky Antivirus
Vermont Representative Apologizes for Soaking Colleague's Bag
Global Displacement Crisis: Record Numbers in 2023
Iranian-Swedish Academic Criticizes Swedish PM Over Exclusion from Prisoner Swap
Italian Activist Ilaria Salis Returns Home After Election to European Parliament
England Faces Serbia in Euro Opener with Defensive Concerns
Dermatologist Warns Against Sunbed Usage
UK Man Jailed for Non-Consensual Condom Removal
US, Britain, Canada Accuse Russia of Interference in Moldova’s Election
EU Urged to Welcome Skilled Russians to Weaken Putin
EU Elections Overview: Far-Right Gains and Major Political Shifts
Israel Rescues Four Hostages from Gaza
Emmanuel Macron Calls for Snap Election
Jordan Bardella: Young Far-Right Leader Poised for Future Political Influence in France
Dutch Military Intel Uncovers Extensive Chinese Cyber Espionage
Turkish Student Arrested for Using AI to Cheat in University Exam
Rise in Dengue and Other Mosquito-Borne Diseases in Europe Due to Climate Change
Far-Right National Rally Dominates France's EU Vote
Macron Calls Snap Legislative Elections After Far-Right Victory
Far-Right Gains Significantly in EU Election
Orban’s Fidesz Party Wins Majority in Hungary’s EU Elections as New Challenger Emerges
Meloni's Far-Right Party Wins European Elections in Italy
Key Insights from the European Union Elections
European Union Elections and Rise of Far-Right Parties
Macron Dissolves Parliament and Calls Snap Elections
Russia Adds Yulia Tymoshenko to Wanted List
Danish Prime Minister Mette Frederiksen Assaulted in Central Copenhagen
Germany and France Oppose EU Luxury Car Restrictions to Russia
French Citizen Arrested in Russia for Alleged Military Intelligence Gathering
Germany's Defense Minister Calls for War Preparedness by 2029
Deutsche Bank Revises Eurozone GDP Outlook for 2023
Widening Wealth Gap in Europe
FTI Group Files for Insolvency, Affecting Thousands of Travelers
Germany Announces €23 Billion Tax Cuts to Support Inflation-Hit Households
West Nears Plan to Tap $300bn in Frozen Russian Assets
The European Central Bank (ECB) has cut interest rates for the first time in nearly five years
Putin Warns Against Western Arms Deliveries to Ukraine
Slovak PM Blames Opposition for Assassination Attempt
Study Finds Covid Vaccines May Have Contributed to Excess Deaths
EU Commission Considers Broader Digital Surveillance Measures
Macron to Host Zelensky in Paris for Crucial Talks
Italy's Prime Minister Meloni to Visit Migrant Centers in Albania
Conservatives Plan to Define Sex as Biological in Equality Act
China Accuses MI6 of Recruiting Chinese Government Staff as Spies
Nigel Farage Makes Eighth Attempt to Become UK MP
UK Poll Predicts Historic Victory for Labour Party
Orban Amplifies Anti-NATO Rhetoric Ahead of Elections
Meloni Urges EU Parliament to Adopt Right-Wing Coalition Model
Venice Implements New Tourist Restrictions
×