2024-06-14 06:18:33

Europe's Response to Chinese Electric Vehicle Tariffs and the Impending Trade War

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The European Commission has introduced new tariffs on Chinese electric vehicles, prompting backlash from China and concerns about the impact on Europe's car industry. These tariffs, considered insufficient by some analysts, aim to counteract the state-subsidized exports of Chinese EV manufacturers.

The EU's approach may align more closely with the US's aggressive trade policy towards China. Despite the tariffs, Tesla may receive preferential treatment based on its cooperation with the investigation.

While some Chinese brands like BYD are expected to weather the tariffs, others, such as SAIC, may face more significant challenges. Stellantis opts to focus on actively competing in the market rather than relying solely on tariffs for protection amidst fears of an escalating trade war.

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14. Juni 2024 um 19:16

Tesla gets special treatment with EU's Chinese EV tariffs

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The European Commission announced additional tariffs on Chinese EVs imported into the EU, with Tesla potentially receiving a lower duty rate. Automakers' tariff rates depend on their cooperation with the investigation. Tesla Shanghai, along with other Chinese automakers, faces potential tariffs based on their level of compliance.
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13. Juni 2024 um 17:55

Stellantis says it will ‘fight’ for electric car sales rather than hide behind tariffs

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Stellantis, the owner of Jeep, Fiat, and Vauxhall, plans to fight for electric car sales rather than rely on tariffs as a defense mechanism. The European Commission's decision to impose tariffs on imported Chinese electric cars has sparked concerns of a trade war in the market. Stellantis aims to maintain competitiveness through a proactive approach rather than seeking protection.
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14. Juni 2024 um 00:00

EU's tariffs may stall SAIC's exports of EV but do little to keep BYD at bay, analysts say

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The European Union's proposed import tariffs on electric vehicles (EVs) will have little impact on Chinese brands like BYD, as they are innovative and cost-effective enough to overcome any obstacles, according to analysts. The tariffs range from 17.4% to 38.1% and will primarily affect Chinese brands' exports to Europe in the short term. While Shanghai Automotive Industry Corporation (SAIC) will bear the highest tariff, other brands like BYD and Geely will face lower tariffs and are expected to be less affected.
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14. Juni 2024 um 04:00

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The European Commission imposed new trade tariffs on Chinese electric vehicles to spur negotiations, but this move has provoked China's anger. The potential repercussions on Europe's industry are discussed in a podcast episode by host Giada Santana and reporter Jonathan Packroff.
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