imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports ofWhat did the European Union do?
The rates, if applied, would be: 17.4% on cars from BYD, 19.9% on those from Geely and 37.6% for vehicles exported by China’s state-owned SAIC. Geely has brands including Polestar and, while SAIC owns Britain’s MG, one of Europe’s bestselling EV brands. Other EV manufacturers in China including Western companies such as Volkswagen, BMW and Tesla would be subject to duties of at least 20.8%.
Unusually, the commission acted on its own, without a complaint from the European auto industry. Industry leaders and Germany, home to BMW, Volkswagen and Mercedes-Benz, have been skeptics about the subsidy investigation. That's because many of the cars that will be hit with tariffs are made by European companies, and because China could retaliate against the auto industry or in other areas.on Chinese EVs to 100% from the current 25%. At that level, the U.S.
While consumers might benefit from cheaper Chinese cars in the short term, allowing unfair practices could eventually mean less competition and higher prices in the long term, the commission argues. “It is hoped that the European side and the Chinese side will move in the same direction, show sincerity, expedite the consultation process and reach a mutually acceptable solution as soon as possible on the basis of facts and rules,” he said at a weekly media briefing in Beijing.
Over the longer term, Chinese carmakers could avoid tariffs by making cars in Europe. BYD is building a plant in Hungary, while Chery has a joint venture to build cars in Spain's Catalonia region.Obama Privately Goes Shaky After Offering to Prop Up Biden Navarro passionately defended Biden after sustained calls — including from her "View" cohost Alyssa Farah Griffin — for him to leave the presidential race.
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