There is however a four-month window during which the tariffs are only provisional and intensive talks are expected to continue between the two sides.
The rates are almost exactly the same as those announced by the Commission on June 12. The executive made slight adjustments after companies identified minor calculation errors in the initial disclosure.These could include retaliatory tariffs on exports to China of products such as cognac or pork.At the end of it, the Commission, the EU's executive arm, could propose"definite duties", typically applying for five years, on which EU members would vote.
"There is still a four-month window before arbitration, and we hope that the European and Chinese sides will move in the same direction, show sincerity, and push forward with the consultation process as soon as possible," He Yadong, a ministry spokesperson, said. Companies deemed by the EU to have cooperated with the anti-subsidy investigation, including western carmakers Tesla and BMW, will be subject to 20.8% tariffs and those that did not cooperate a rate of 37.6%.
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EU set to disclose tariff rates for Chinese EVsThe European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing.
Herkunft: RTEbusiness - 🏆 16. / 61 Weiterlesen »