China vows ‘all necessary measures’ over EU move to impose additional tariffs on Chinese electric vehicles

The extra EU tariffs, which come on top of a standard 10% levy on all Chinese EVs, would come in at 17.4% for market leader BYD. Photograph: STR/AFP via Getty Images

The extra tariffs, which come on top of a standard 10 per cent levy on all Chinese EVs, range from 17.4 per cent for market leader BYD to 31.8 per cent for SAIC. EVs made by Geely, another major Chinese manufacturer which owns the Swedish car brand Volvo, will face an extra 20 per cent tariff. This points to a response that it targeted both geographically and in terms of sectors to achieve maximum political leverage in Europe. Last month China’s ministry of commerce wrote to EU trade commissioner Valdis Dombrovskis warning that it could hit the aviation and agricultural sectors.

China will wish to avoid a trade war with the EU which is less hostile to its interests than the US and remains its biggest trading partner. The EU also has an interest in de-escalation as long as it can protect its own industrial base and secure a share of the green technology sector.

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