European Union threatens China EVs with tariffs of up to 38%

[Pelican Press 0]

********* Union threatens China EVs with tariffs of up to 38%

******** electric cars may become pricier in the ********* Union (EU) after politicians called them a threat to its own industry.

It has “provisionally concluded” that ******** electric vehicle (EV) manufacturers will face tariffs from 4 July “should discussions with ******** authorities not lead to an effective solution”.

The EU’s announcement comes as it continues an investigation into what it claims is a flood of cheap, government-subsidised ******** cars into the trade bloc.

China alleged the tariffs violated international trade rules and described the investigation as “protectionism”.

EV makers who co-operated with the investigation, which the EU’s governing ********* Commission launched in October, will face an average 21% duty, while those who did not will face one of 38.1%.

Meanwhile, specific charges will apply to three companies:

• BYD: 17.4%
• Geely: 20%
• SAIC: 38.1%

Non-******** car companies who produce some EVs in China, including EU-based ones like BMW, will also be affected.

The commission said Tesla may receive an “individually calculated duty rate” because of a specific request it had made.

These charges would come on top of the current rate of 10% tariff levied on all electric cars produced in China.

The EU’s intervention comes after

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The decision has drawn criticism not just from China, but also from politicians within the EU and several industry figures.

China’s foreign ministry spokesperson In Jian said the “anti-subsidy investigation is a typical case of protectionism”.

He added that the tariffs might also risk damaging “China-EU economic and trade co-operation and the stability of the global automobile production and supply chain”.

The tariffs will apply definitively from November unless there is a qualified majority of EU states – 15 countries representing at least 65% of the bloc’s population – voting against the move.

Germany’s Transport Minister, Volker Wissing, said it risked a “trade war” with Beijing.

“The ********* Commission’s punitive tariffs hit ******* companies and their top products,” he wrote on X, formerly known as

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.

The ACEA, the ********* Automobile Manufacturers’ Association, said that “free and fair trade” was essential in making sure that the ********* car industry ******** competitive.

They added, however, that it was just one piece of the puzzle when thinking about how to boost the adoption of electric cars.

Some EU car companies have called for a bloc-wide industrial policy to deal with global EV competition.

Last year, more than eight million electric vehicles were sold in China – about 60% of the global total,

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#********* #Union #threatens #China #EVs #tariffs

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