2024-05-29 22:01:31
German Car Manufacturers on Edge as EU Considers Tariffs on Chinese Electric Vehicles
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Global Economy - South China Morning Post
China’s EV sector could offset looming EU tariffs with detours via ‘friendly’ tracks, but be prepared for countermeasures
Politics
Economy
Chinese electric vehicle (EV) makers are considering building production facilities in countries like Turkey, Serbia, and Hungary to mitigate potential impact of EU tariffs. However, analysts warn that the EU may respond with stricter countermeasures if these moves are seen as attempts to bypass import tariffs. The article also mentions China's investment in Hungary and Serbia, which would provide access to the EU market.
EURACTIV.de
Impending Trade War with China: EU Prepares Tariffs on Electric Cars
Politics
Economy
The EU is preparing to increase tariffs on Chinese electric cars as it suspects China of providing excessive subsidies to its automakers. Germany is against the idea of tariffs and believes they would hinder international competition. Observers expect the EU to raise tariffs from ten to 15 to 30 percent.
DER SPIEGEL
Cheap imports from China: EU to announce tariffs on electric cars only after the European elections - DER SPIEGEL
Politics
Economy
Subsidized electric vehicles from China are set to be artificially inflated in Europe. Experts anticipate surcharges between 15 and 25 percent. The final decision on tariffs for electric cars will only be announced by the EU after the European elections.
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