urging the EU to reconsider and seek a compromise with China to avoid a trade war. His concerns were echoed by German Chancellor Olaf Scholz, who also criticized the tariff plan.
Lin said that using the investigation as a pretext, the EU plans to impose tariffs on EVs imported from China, which violates the principles of the market economy and international trade rules. The move will also damage China-EU economic and trade cooperation as well as the stability of global...
Despite the EU's potential tariff hike, Macan said he believes Chinese EVs will find markets elsewhere due to their competitive pricing and quality. He urged the EU to focus on cooperation with China rather than imposing high tariffs, suggesting that collaboration would lead to better results for...
BEIJING, June 22 (Xinhua) -- The European Union's (EU) plan to impose additional duties on imports of Chinese electric vehicles (EVs) will harm both parties, Zheng Shanjie, head of China's National Development and Reform Commission, said on Saturday. Refuting claims of "overcapacity" in Ch...
Since September 20, China and the EU have held eight rounds of intensive consultations in Brussels regarding the EV tariff issue. However, the EU has not sufficiently addressed the core concerns of industries on both sides, resulting in significant differences and the inability to reach a mutually...
That means the EU decided to levy a little bit less duties on Geely and SAIC-made EVs since its proposed rates pre-disclosed on June 12 are 20% and 38.1%, respectively, while BYD, China’s largest EV manufacturer, faces the same tariff rate as EU’s original proposal disclosed more ...
The EU's EV policy could backfire, undermining its own decarbonization targets, reducing competitive pressure on domestic firms, and stifling innovation and productivity, it warned. The tariffs could fuel, it said, calls for more trade barriers and state aid, pushing toward "an industrial policy ...
France, Greece, Italy, and Poland’s votes will represent 39% of the EU population, giving the tariff’s implantation a good chance of passing. If the Commission’s tariffs on China-made EV imports pass the EU vote, they will be imposed for the next five years. According to EU rules,...
China, EU Agree to EV Tariff Talks(Yicai) June 24 -- China and the European Union have agreed to hold talks on the higher tariffs that the EU plans to impose on imports of Chinese electric vehicles. Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Valdis Dombrovskis agreed to...
19.9% for Geely and 37.6% for SAIC. That means the EU decided to levy a little bit less duties on Geely and SAIC-made EVs since its proposed rates pre-disclosed on June 12 are 20% and 38.1%, respectively, while BYD, China’s largest EV manufacturer, faces the same tariff rate as EU...