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Trade Dispute: Tariffs Impact Chinese Electric Car Imports
2024-07-04 09:01:33

Trade Dispute: Tariffs Impact Chinese Electric Car Imports

Planned tariffs on Chinese electric vehicles have resulted in a 42 percent reduction in imports, as leading economic institutes find the measure effective. Despite the tariffs, the overall cost of electric cars for buyers is not expected to significantly increase.

However, concerns arise within the industry regarding potential retaliatory actions. The EU is also contemplating imposing tariffs on Chinese electric cars to counter alleged state subsidies, leading to tensions and negotiations between the parties involved.

Related news on that topic:

EU Uncertainty on Chinese EV Tariffs Amid Escalating Trade ... Tensions

EU governments, notably Germany and France, are at odds over whether to implement additional tariffs on Chinese electric vehicles, with Germany's car industry lobby urging to drop the tariffs to prevent hindering electromobility progress. The planned tariffs are meant to counter alleged unfair subsidies for Chinese car manufacturers. Meanwhile, Canadian government considers blocking Chinese EVs to protect its market, and Chinese firms eye Morocco to benefit from US subsidies. The EU accession candidates are also concerned about potential tariffs on electricity exports to the EU. Overall, the global trade landscape is fraught with escalating tariff duels, particularly centered around China, as data indicates a rise in anti-dumping investigations and retaliatory measures.

EU Commission Announces Decision on Tariffs on Electric Vehicles ... from China

The EU Commission has announced its decision to impose provisional tariffs on electric vehicles imported from China. The tariffs range from 17.4% to 37.6% and are in response to allegations of unfair state subsidies given to Chinese manufacturers. The EU aims to protect its own automotive industry from competition and ensure a level playing field. German companies that have relocated their production to China will also be affected by the tariffs. The punitive tariffs will come into effect in November if China does not make any concessions. The decision has sparked criticism from the German automotive industry and the Chinese Chamber of Commerce, who view it as protectionist and politically motivated. However, the EU remains firm on its stance, asserting that the tariffs are necessary to address the issue of unfair competition in the electric car sector.

Read 1 more recent news on this topic

The press radar on this topic:

DER SPIEGEL
4. Juli 2024 um 05:00

Trade dispute: Study shows that tariffs on Chinese electric cars lead to 42 percent fewer imports - DER SPIEGEL

Politics
Economy
Leading economic institutes consider planned tariffs on Chinese electric vehicles effective as they lead to 42 percent fewer imports. Despite the tariffs, electric vehicles would hardly become more expensive for buyers overall. However, the industry fears retaliatory measures.
EURACTIV.com
4. Juli 2024 um 05:41

China’s Xi greets EU Council president-elect ahead of EV tariffs taking effect

Politics
Economy
China's President Xi Jinping congratulated incoming EU Council President Antonio Costa ahead of the European Commission implementing import tariffs on Chinese electric vehicles. The EU accuses China of providing heavy state subsidies to its firms, leading to tensions and negotiations between the two parties. The EU member states are divided over supporting the Commission on the tariffs, with Germany seeking to halt them while France supports the measures.
Tagesschau - Wirtschaft und Börsen-Nachrichten
4. Juli 2024 um 06:56

The clock is ticking Will the EU impose tariffs on electric cars from China?

Politics
Economy
The EU Commission could impose provisional countervailing duties on Chinese electric cars to resolve the tariff dispute. China is accused of lowering the prices of electric cars through state subsidies. EU customs authorities could require Chinese companies to provide bank guarantees when importing cars from China.
DER SPIEGEL
4. Juli 2024 um 05:00

Trade Dispute: 42 Percent Fewer Chinese Electric Cars Due to Tariffs - DER SPIEGEL

Economy
Leading economic institutes consider the planned tariffs on Chinese electric vehicles to be effective, even though electric cars will hardly become more expensive for buyers. However, the industry is concerned about possible retaliatory measures due to the tariff increases.
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