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Automotive Industry Criticizes EU Tariffs on Chinese Electric ...
2024-06-13 05:50:14

Automotive Industry Criticizes EU Tariffs on Chinese Electric Cars

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The automotive industry, including the VDA and the DIHK, criticizes the EU's potential tariffs on electric cars imported from China. Concerns are raised regarding the escalation of trade conflicts, urging China to propose constructive solutions.

German carmakers like BMW and Dacia, which manufacture in China, express worry about the impact. The EU's response to Chinese subsidies distorting electric vehicle prices involves imposing tariffs.

Czech carmakers also caution against these tariffs, fearing disruptions in supply chains and competition. The EU's move to potentially levy tariffs up to 25% on Chinese electric vehicles may lead to a trade war.

The investigation into the Chinese electric vehicle supply chain reveals subsidies, sparking tensions between China and the EU.

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.

EU Commission Threatens High Tariffs on Chinese Electric Cars

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.

Read 2 more recent news on this topic

The press radar on this topic:

The Guardian
12. Juni 2024 um 13:55

EU expected to impose import tariffs of up to 25% on Chinese electric vehicles

Economy
Politics
The EU is expected to impose tariffs of up to 25% on Chinese electric vehicles, potentially triggering a trade war with China. The move comes in response to the surge in sales of Chinese electric cars in the EU, with the tariffs set to be confirmed in Brussels soon.
Investor Relations - South China Morning Post
13. Juni 2024 um 00:00

Chinese EV makers' price wars in overseas markets will sew doubts over quality: Bain | South China Morning Post

Politics
Economy
Finance
Chinese electric vehicle (EV) makers' price wars in overseas markets may raise doubts about the quality and reliability of their cars, according to Bain & Co. The consultancy suggests that Chinese assemblers focus on premium models to build their global image, rather than selling cheaper cars to budget-conscious consumers. The report also highlights the need for EV assemblers to set up production facilities in target markets to avoid damage from punitive tariffs.
News - South China Morning Post
13. Juni 2024 um 04:00

‘The whole supply chain is subsidised’: inside the EU’s blockbuster Chinese EV probe | South China Morning Post

Economy
The European Union (EU) has imposed tariffs on electric vehicle (EV) imports from China following a seven-month investigation. The investigation revealed that the entire supply chain of Chinese EVs is subsidised by the Chinese government, from the production of lithium to the transport of the vehicles to EU markets. The investigation has sparked tensions between China and the EU, with China criticising the EU for disregarding facts and WTO rules.
EURACTIV.com
13. Juni 2024 um 04:59

Czech carmakers warn tariffs on Chinese EVs could hit supply chains

Economy
Czech carmakers are concerned about possible trade tariffs on Chinese electric vehicle imports, fearing adverse effects on supply chains and competition. The European Commission's plan to impose additional tariffs on Chinese EVs is met with skepticism by Czech industry representatives. The debate revolves around finding a balance between defending against unfair competition and avoiding negative impacts on the European automotive sector.
EURACTIV.de
13. Juni 2024 um 05:24

Deutschland wehrt sich gegen EU-Elektrofahrzeugzölle

Politik
Wirtschaft
Der Verband der Automobilindustrie (VDA) und hochrangige Minister der Bundesregierung kritisieren die von der EU angekündigten vorläufigen Zölle auf chinesische Elektroautos. Unternehmen wie BMW und Dacia, die in China produzieren, sind davon betroffen. Die Europäische Kommission reagiert mit den Zöllen auf chinesische Subventionen, die die Preise für Elektrofahrzeuge verzerren.
CW

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