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.
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.
Translation:
Translated by AI
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