2024-09-13 13:29:09
Automotive
Europe
Business
China and EU Clash Over Electric Vehicle Tariffs
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Politics
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The EU Commission is considering punitive tariffs of 17-36.3% on Chinese electric cars to prevent plant closures and layoffs in Europe. A vote by EU member states is planned for September 25, but the hurdle for overturning the tariffs is very high. Spanish socialist Sánchez and Chancellor Scholz criticize the tariffs, while Economy Minister Habeck shows understanding. In a test vote, Germany abstained due to different positions within the coalition. China is seeking a negotiated solution, and..
EURACTIV.com
China’s green ‘trojan horses’ are starting to divide Europe
Environment
Economy
Politics
Chinese green investments in Europe allow evasion of tariffs and pressure on governments, dividing the EU. Concerns include China's lower-quality products, subsidies, and market access barriers for EU producers. Researchers propose the EU close its market and use public procurement and auctions to support local green industry, warning against allowing Chinese monopoly power.
Yahoo News
China's carrot-and-stick tactics on EU nations start to pay off
Politics
Economy
China employs carrot-and-stick tactics on EU nations over EV tariffs, threatening retaliation on EU exports like pork, dairy and brandy worth about $10 billion while courting key states like Spain with deals and investments. China-made EVs exported to Europe rose 38% in 2023. China's Commerce Minister Wang Wentao will visit Europe and hold talks with EU trade chief Valdis Dombrovskis. China agreed to build a $1 billion plant in Spain to make machinery for hydrogen production. EU members Germany,..
DER SPIEGEL
Tesla tricks with price increase due to EU punitive tariffs - DER SPIEGEL
Economy
Finance
Tesla increased the price of its China-produced Model 3 in Germany, allegedly due to EU punitive tariffs. In fact, the tariffs for Tesla decreased. However, sales of the model still declined. The EU Commission justifies the punitive tariffs with state subsidies for Chinese electric vehicle manufacturers.
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