2024-05-29 22:04:40

German Carmakers Concerned Over Potential Retaliation Amid EU-China Trade Dispute

Image used under license from Shutterstock.com

German car manufacturers, heavily reliant on the Chinese market, fear retaliatory actions from China as the EU plans tariffs on Chinese electric vehicles. The EU's proposed tariffs, ranging from 15 to 30 percent, aim to address suspicions of unfair subsidies to Chinese automakers.

Despite impending trade tensions, Germany opposes these tariffs, citing concerns about hindering global competition. Chinese electric vehicle makers contemplate strategies like setting up production in other countries to navigate potential EU tariffs, although there are warnings of stricter countermeasures.

The EU's decision on imposing duties on Chinese EVs is postponed until after the June elections to avoid political sensitivity, with expectations of increased import duties as the investigation into Chinese subsidies progresses.

Related news on that topic:

The press radar on this topic:

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

German carmakers fear China's retaliation

Politics
Economy
German carmakers fear retaliatory measures from China after the EU may impose tariffs on Chinese electric vehicles. German car manufacturers such as BMW, Volkswagen, and Mercedes-Benz are heavily dependent on the Chinese market and warn against the planned import duties. It is expected that the EU's retaliatory measures could have tariffs ranging from 15 to 30 percent based on the rules of the World Trade Organization.
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

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!