2024-05-29 22:01:31

German Car Manufacturers on Edge as EU Considers Tariffs on Chinese Electric Vehicles

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German carmakers like BMW, Volkswagen, and Mercedes-Benz are apprehensive about potential retaliatory actions from China following the EU's proposal to impose tariffs on Chinese electric cars due to alleged unfair subsidies. The EU is gearing up to raise tariffs, suspecting China of distorting the market with subsidies, a move vehemently opposed by Germany.

In response, Chinese electric vehicle makers are contemplating setting up production plants in countries like Turkey and Hungary to circumvent EU tariffs, although analysts warn of possible stricter countermeasures. The final decision on tariffs, expected to range from 15 to 25 percent, will be revealed after the European elections, with the EU postponing the decision until after June to avoid political ramifications.

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Deutsche Welle: DW.com Wirtschaft
28. Mai 2024 um 12:45

German car manufacturers fear China's retaliation

Economy
Politics
German carmakers fear Chinese retaliatory measures after the EU plans to impose tariffs on Chinese electric vehicles. The European Commission has found evidence of market-distorting subsidies by Chinese car manufacturers. German carmakers such as BMW, Volkswagen, and Mercedes-Benz are heavily dependent on the Chinese market and strongly oppose the planned import duties.
Global Economy - South China Morning Post
29. Mai 2024 um 12:00

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
29. Mai 2024 um 10:29

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.
Spiegel Wirtschaft
29. Mai 2024 um 16:10

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.
CW

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