2024-10-04 09:00:09
Automotive
Europe
Regulation

EU's Impending Tariff Decision on Chinese Electric Cars

Image courtesy of : AFP (JOHN MACDOUGALL)

The European Union is on the brink of imposing significant tariffs on electric vehicles imported from China, with a decision expected soon. The EU Commission has proposed additional duties of up to 35.3 percent on these imports, which would be added to the existing ten percent import tariffs. This move comes amidst escalating trade tensions between Brussels and Beijing, with the EU accusing China of unfair subsidies that undermine competition.

Germany, a key player in the automotive industry, has expressed its opposition to the tariffs, fearing retaliatory measures from China and potential impacts on its economy. The German government, influenced by its auto manufacturers, has urged the EU to reject the proposal, highlighting the risk of sparking a broader trade conflict that could severely affect Germany's export-driven economy.

While Germany and Spain have shown reluctance, major EU countries like France, Italy, and Poland are expected to support the tariffs. To block the proposal, a qualified majority of 15 member states representing 65 percent of the EU's population is required, a scenario deemed unlikely given the current support for the tariffs.

The decision is set against a backdrop of broader diplomatic strains, with China's recent actions against EU exports and its closer ties with Russia adding to the complexity. Despite ongoing negotiations and claims of progress, a resolution seems distant. The outcome of this decision could mark a significant point in the EU-China relationship, potentially signaling a long-term shift in their political and economic interactions.

AFP
3. Oktober 2024 um 15:25

Vote on EU Tariffs for Electric Cars from China Scheduled

Politics
Economy
Vote on EU tariffs for electric cars from China; German car manufacturers demand rejection; majority for tariffs expected despite German opposition; proposal from the EU Commission for tariffs up to 35.3%; a majority of 15 states with 65% of the population needed to stop the introduction; countries like France and Italy support the plans; tariffs are to come into effect by the end of the month.
EURACTIV.de
4. Oktober 2024 um 05:50

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Politics
Economy
EU member states are expected to approve the tariffs on electric vehicles manufactured in China proposed by the European Commission on Friday (October 4). All this is happening against the backdrop of larger trade conflicts between Brussels and Beijing. The vote, which would confirm additional tariffs of up to 35% on Chinese electric vehicles in addition to the standard 10% EU car import tariff, follows months of intensive lobbying by Chinese diplomats. They tried to convince EU member states..
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4. Oktober 2024 um 06:41

Vote on Electric Vehicles EU Punitive Tariffs Against China on the Home Stretch

Economy
Politics
Status: October 4, 2024 08:41 AM China and the EU have been arguing for months over electric cars. Brussels accuses Beijing of unfair subsidies. Will the majority of member states therefore vote in favor of additional tariffs on electric cars from China today? It looks like it. Now only a few weeks remain: If Brussels and Beijing do not reach an agreement by the end of the month, protective tariffs will be due on electric car imports from China. The EU Commission accuses the Chinese government..
gmx
4. Oktober 2024 um 06:50

EU Auto Tariffs Against China: Scholz Decides Against

Politics
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Chancellor Olaf Scholz has decided that Germany will vote against the EU measure to impose tariffs on Chinese electric cars. This contradicts the positions of the FDP-led ministries of Finance and Transport, which had advocated for a German 'no'. Federal Minister of Economics Robert Habeck (Greens) had initially preferred abstention, but now accepts the Chancellor's decision. The EU Commission accuses China of unfairly subsidizing the electric car value chain and therefore wants to introduce a..
CW

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