Home Technology peripherals It Industry The EU imposes an additional 38.1% tariff on Chinese electric vehicles, sparking internal disputes in Europe

The EU imposes an additional 38.1% tariff on Chinese electric vehicles, sparking internal disputes in Europe

Jun 14, 2024 am 11:01 AM

According to news on June 13, the European Commission recently announced plans to impose temporary countervailing duties on electric vehicles imported from China. This move has triggered widespread controversy internationally.

German Federal Minister of Digitalization and Transport Falk Wersing expressed concern about this. He believed that the EU's move may trigger a "trade war" and it is impossible to effectively protect related industries in Europe. On the contrary, It may have a negative impact on German companies. He emphasized that the healthy development of the industry requires an open market environment and a high-quality business atmosphere, not trade wars or market isolation.

The EU imposes an additional 38.1% tariff on Chinese electric vehicles, sparking internal disputes in Europe

The spokesman of the German government also expressed similar views. He called on the EU to have constructive dialogue with China on relevant issues and seek consensus. Germany looks forward to a level playing field in international trade rather than imposing more trade restrictions.

At the same time, the Hungarian Ministry of National Economy also issued a public statement clearly stating that it does not support the EU's temporary subsidy tax on Chinese electric vehicles. They advocate that the EU should promote trade liberalization and oppose the imposition of punitive tariffs.

Norway, which is not a member of the EU, also expressed its position on this matter. Norwegian Finance Minister Werdum made it clear that Norway will not follow the EU's decision to impose additional tariffs on Chinese electric vehicles. He believes that such an approach is undesirable and has nothing to do with the position of the Norwegian government.

According to specific tax rate regulations, the European Commission plans to impose additional tariffs of 17.4%, 20% and 38.1% respectively on BYD, Geely Automobile and SAIC Electric Vehicles imported from China. Electric vehicles from other Chinese manufacturers will face a 21% tariff, while Tesla vehicles imported from China may be subject to a separate tax rate.

China Association of Automobile Manufacturers expressed strong opposition to this. They believe that the European Commission's information disclosure in the anti-subsidy investigation ignored the facts, wrongly accused the Chinese electric vehicle industry of high "subsidies", and caused damage to the EU electric vehicle industry. The China Association of Automobile Manufacturers deeply regrets this and expresses its determination not to accept this decision. They called on both sides to jointly maintain a fair and just international trade environment through dialogue and consultation.

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