NewsEU tariffs on Chinese electric cars spark commerce clash

EU tariffs on Chinese electric cars spark commerce clash

The Chinese will receive a blow from the Union. There is a firm reaction.
The Chinese will receive a blow from the Union. There is a firm reaction.
Images source: © Adobe Stock

4 October 2024 19:03

The Chinese Chamber of Commerce to the EU has called on Brussels to delay the implementation of tariffs on importing electric vehicles manufactured in China. This response comes following the European Commission's announcement that it has secured sufficient support from EU members to impose these tariffs. The Ministry of Commerce in Beijing also expressed strong opposition.

The European Commission announced on Friday that it has acquired enough backing from the European Union member states to introduce new tariffs on Chinese electric cars. These new tariffs will range from 8% to 35%, depending on the manufacturer, and will be in addition to the existing EU import duty on cars, which is 10%.

Reactions from Chinese companies and authorities

The organization representing Chinese companies in the European Union expressed its dissatisfaction in a press release. It strongly encourages the EU "to approach the final measures with caution, delay the implementation of these tariffs, and prioritize resolving disputes and trade tensions through consultations and dialogue."

China firmly opposes the EU's unfair, inconsistent, and unjustified protectionist practices in this matter and strongly opposes the imposition of EU anti-subsidy tariffs on Chinese electric vehicles - conveyed the Chinese Ministry of Commerce.

The European Commission intends to continue negotiations with Beijing to find an alternative solution.