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EU slaps tariffs of up to 35.3% on Chinese electric cars

EU slaps tariffs of up to 35.3% on Chinese electric cars

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The European Union has implemented significant tariffs on Chinese-made electric cars following an anti-subsidy investigation that found China's support for its automakers undermines European competitors. The additional taxes have faced strong opposition from Germany and Hungary, with Germany's main auto industry association expressing concerns that they may lead to a broader trade conflict. The tariffs, which will be applied in addition to the existing 10% import tax on electrifiers, have been criticized by China, which views them as unfair and protectionist. The Chinese government has previously accused the EU of engaging in "unfair, non-compliant and unreasonable protectionist practices."

Antoine Armand
Renaissance
1. The European Union is taking a crucial decision to protect and defend our trade interests, at a time when our car industry needs our support more than ever.
Valdis Dombrovskis
European Commission
1. We welcome competition, including in the electric vehicle sector, but it must be underpinned by fairness and a level playing field.
2. We remain open to a possible alternative solution that would be effective in addressing the problems identified and WTO-compatible.
3. By adopting these proportionate and targeted measures after a rigorous investigation, we're standing up for fair market practices and for the European industrial base.