EU slaps up to 38pc tariffs on Chinese electric cars over ‘unfair’ subsidies, sparking trade war fears

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European Union EU خبریں

China Electric Vehicle Manufacturers,Electric Vehicles Evs,Ev Tariff

BRUSSELS, July 4 — The European Union today slapped extra provisional duties of up to 38 per cent on Chinese electric car imports because of “unfair” state subsidies, despite...

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Since announcing the planned tariff hike last month — on top of current import duties of 10 per cent — the European Commission has begun talks with Beijing to try to resolve the issue, with China threatening retaliation. They will kick in from Friday, with definitive duties to take effect in November for a period of five years, pending a vote by the EU’s 27 member states.Electric car producers in China that cooperated with the EU will face a tariff of 20.8 per cent, while those that did not cooperate would be subject to a 37.6 per cent duty.

Chinese officials have also railed against probes targeting state subsidies in the green tech sector including wind turbines and solar panels. But Brussels faces a delicate balancing act as it seeks to defend Europe’s auto industry — the jewel in its industrial crown with iconic brands such as Mercedes — while avoiding a showdown with China and meeting its targets for slashing carbon emissions.

 

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EU slaps up to 38pc tariffs on Chinese electric cars over unfair subsidies, sparking trade war fearsBRUSSELS, July 4 — The European Union today slapped extra provisional duties of up to 38 per cent on Chinese electric car imports because of “unfair” state subsidies, despite...
ذریعہ: malaymail - 🏆 1. / 86 مزید پڑھ »

Chinese automakers seek retaliatory tariffs on EU cars, state media reportsBEIJING, June 19 — Chinese automakers have urged Beijing to retaliate against Brussels’ decision to place curbs on Chinese electric vehicle exports by raising tariffs on...
ذریعہ: malaymail - 🏆 1. / 86 مزید پڑھ »