2024-06-13 15:03:40

EU Tariffs on Chinese Electric Cars: Implications for the Automotive Industry

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The EU Commission's imposition of tariffs on Chinese electric cars, up to 38 percent, due to 'unfair state aid' has significant implications for the European automotive industry. German manufacturers like VW, BMW, and Mercedes are directly affected, fearing damage to the domestic industry.

China's threats of retaliatory measures and the possibility of a trade war loom following the EU's decision, with Beijing emphasizing its role in green transformation and CO2 emissions reduction. The crackdown may surprisingly impact Western manufacturers like Tesla and BMW the most, rather than Chinese brands, potentially disrupting trade relationships.

The situation has led to a decline in European auto stocks as concerns mount over China's response, affecting major carmakers and highlighting the complexities of international trade relations.

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Spiegel Wirtschaft
12. Juni 2024 um 12:21

Electric Cars: Why the EU Imposed Tariffs against China - DER SPIEGEL

Politics
Economy
The EU Commission imposes tariffs of up to 38 percent on electric cars from China due to 'unfair state aid'. This has implications for German manufacturers and leads to reactions from the government in Beijing.
Yahoo News
13. Juni 2024 um 09:03

European auto stocks fall further on concerns over China's tariff response

Economy
Finance
European auto stocks fell on concerns over China's response to new tariffs imposed by the European Commission on imported Chinese electric cars. This resulted in a 2.2% drop in Europe's auto index and affected major carmakers like Volvo, Porsche, Volkswagen, Mercedes, and BMW.
Spiegel Unternehmen & Märkte
13. Juni 2024 um 11:10

China threatens WTO lawsuit over possible EU tariffs - DER SPIEGEL

Politics
The Chinese government threatens to file a lawsuit at the World Trade Organization (WTO) after the EU announced provisional tariffs on Chinese electric cars. China reserves the right to defend the legitimate rights and interests of Chinese companies. The Chinese government is also considering anti-subsidy and anti-dumping investigations into European dairy and pork imports.
Deutsche Welle: DW.com Wirtschaft
13. Juni 2024 um 10:54

Decoding China: Is a trade war with the EU looming?

Politics
Economy
After the European elections, the EU Commission announced punitive tariffs on Chinese electric cars to counteract distortions of competition caused by state subsidies. Beijing threatens retaliatory measures and emphasizes the importance of China for the green transformation and the reduction of CO2 emissions in Europe. Economists confirm the unfair competitive advantages of Chinese manufacturers due to state subsidies.
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