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EU Commission Threatens High Tariffs on Chinese Electric Cars
2024-06-12 15:06:08

EU Commission Threatens High Tariffs on Chinese Electric Cars

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The EU Commission has announced its intention to impose high preliminary tariffs on electric cars imported from China. The decision is based on the Commission's investigation, which found that the value chain for battery-powered electric vehicles in China benefits from unfair subsidies.

The tariffs, which could be as high as 38.1 percent, will only be imposed if no solution is reached with China by early July. The move aims to address the distortion of the European car market caused by massive state subsidies in China and ensure fair competition.

The decision has sparked concerns over potential trade conflicts and disruptions to the global automobile production and supply chain.

Related news on that topic:

The EU's Dilemma: Protectionism vs. Free Market Competition in ... Automotive Industry

The European Commission is contemplating imposing anti-dumping tariffs on Chinese electric cars to safeguard the European internal market, a decision expected by the end of July. This action, driven by concerns over state subsidies and competition, echoes the US's stance on Chinese imports. While the move is favored by European industry players, China's Chamber of Commerce cautions against escalating tensions. The proposal of up to 25% tariffs on Chinese electric vehicles highlights the delicate balance between protectionism and embracing competition, with potential implications for trade relations between the EU and China.

Impact of EU's Chinese EV Tariffs on Tesla and European Automakers

The European Commission announced additional tariffs on Chinese EVs imported into the EU, with potential implications for Tesla and other automakers. The tariff rates are contingent on automakers' cooperation with the investigation, potentially resulting in Tesla facing a lower duty rate. European automakers, particularly those heavily reliant on the Chinese market like Germany's, are concerned about the trade war's consequences and its impact on their electric vehicle transition. The tariffs aim to address alleged unfair competition from China and could lead to a trade war, with differing levels depending on the brand. Meanwhile, Tesla has received approval to build a new Megafactory in Shanghai focused on producing Megapack batteries, aligning with China's renewable energy goals and catering to the rising demand for clean energy solutions worldwide.

Read 2 more recent news on this topic

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Yahoo News
12. Juni 2024 um 08:55

Brussels to slap multibillion-euro tariffs on Chinese electric cars

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The European Union is set to impose additional tariffs of 25% on Chinese electric vehicles, potentially sparking a trade conflict with Beijing. The EU's move follows an investigation revealing how Chinese EV manufacturers benefited from substantial state support, with fears of an existential threat to the European automotive industry from low-cost Chinese EV imports.
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12. Juni 2024 um 18:01

European Union Hits E.V.s From China With Tariffs Up to 38%

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The European Union imposed tariffs ranging from 17.4% to 38.1% on Chinese electric vehicle manufacturers like BYD, Geely, and SAIC to protect the region's industry from unfair competition. The move has faced criticism from European automakers fearing price increases, customer loss, and potential retaliation from China.
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12. Juni 2024 um 09:35

EU to impose tariffs of up to 25% on Chinese EVs

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The European Commission will impose tariffs of up to 25% on imported Chinese electric vehicles starting next month, in response to what is deemed as excessive subsidies for Chinese EVs. This move is expected to provoke possible retaliation from Beijing and comes shortly after the US also increased tariffs on Chinese EVs.
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12. Juni 2024 um 10:16

Chinese-made electric vehicles to be slapped with European Union import tariffs up to 38% | South China Morning Post

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The European Union will impose additional tariffs on Chinese-made electric vehicles, with different rates for various companies such as SAIC, BYD, and Geely. This move follows a seven-month probe into subsidies in China's EV sector, raising concerns about a potential EU-China trade war. China vows to respond to the tariffs, and there is anticipation of further developments in the ongoing dialogue between the EU and China.
EL PAÍS
12. Juni 2024 um 09:52

Bruselas impondrá aranceles de hasta el 38% a las importaciones de coches eléctricos chinos

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La Comisión Europea planea imponer aranceles de hasta el 38% a las importaciones de coches eléctricos chinos, alegando que China ayuda a sus fabricantes con subsidios de forma injusta. Esta medida busca garantizar que la competencia sea justa, según el vicepresidente de la Comisión y responsable de Comercio, Valdis Dombrovskis. La decisión de imponer aranceles provisionalmente entrará en vigor el 4 de julio, aunque podría variar si las empresas afectadas presentan alegaciones.
DER SPIEGEL
12. Juni 2024 um 09:50

Strafzölle: EU belegt chinesische Elektroautos mit Strafzöllen - DER SPIEGEL

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Die EU-Kommission belegt chinesische Elektroautos mit Strafzöllen, falls bis Anfang Juli keine andere Lösung gefunden wird. Die Strafzölle könnten bis zu 38,1 Prozent betragen. Die EU-Kommission wirft China vor, den europäischen Automarkt durch massive staatliche Subventionen zu verzerren.
n-tv.de
12. Juni 2024 um 09:40

EU plant Strafzölle auf Elektroautos aus China

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Die Europäische Union plant, vorläufige Strafzölle auf chinesische Elektroautos zu verhängen. Dies betrifft insbesondere die chinesischen Hersteller BYD, Geely und SAIC. Die EU-Kommission begründet die Maßnahme damit, dass der Import von E-Autos aus China der europäischen Autobranche schadet. Es wird erwartet, dass die Zölle ab Juli in Kraft treten.
EURACTIV.de
12. Juni 2024 um 10:23

EU-Kommission verhängt vorläufige Zölle auf chinesische Elektroautos

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Die EU-Kommission hat vorläufige Zölle auf chinesische Elektroautos angekündigt, da die Preise durch staatliche chinesische Subventionen verzerrt werden. Die Zölle werden für verschiedene Autohersteller unterschiedlich sein, wobei der chinesische Staatskonzern SAIC den höchsten Zollsatz von 38,1 Prozent zahlen muss. Die endgültige Entscheidung über die Zölle wird bis November 2024 getroffen.
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