The European Commission is planning to impose provisional duties on EVs produced in China ranging from 17.4 per cent to 38.1 per cent, on top of its standard 10 per cent tariff for car imports.Provisional duties can be imposed within nine months of the start of an EU anti-subsidy investigation if the Commission concludes it needs to prevent injury to EU industry.
The duties can also be applied retroactively for as much as 90 days, so in the EV case from early April, with a decision on this taken at the end of the investigation.WHAT HAPPENS NEXT? Interested parties such as China and EV producers have until Jul 18 to comment on the findings. They can also request a hearing.
Definitive duties are often a little lower than the provisional rates, reflecting an acceptance of some of these arguments.The largest EV exporter from China to Europe will want to have a lower rate than the 21 per cent for companies that have cooperated with the investigation, a group it is currently in.
It can be blocked if a qualified majority of the European Union's 27 members oppose measures. A qualified majority means 15 EU members representing 65 per cent of the EU population. In most cases, there is no blocking majority.Any company not in the sample group of BYD, Geely and SAIC that wishes to have its own individual duty can ask for an"accelerated review" just after the imposition of definitive measures. Such a review should last a maximum of nine months.
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