Slovakia, a dissenting voice in the October vote, opposed the tariff increase. Prime Minister Robert Fico noted that China is "20 years ahead of us when it comes to EVs," cautioning that heightened trade barriers could ult...
Slovakia, a dissenting voice in the October vote, opposed the tariff increase. Prime Minister Robert Fico noted that China is "20 years ahead of us when it comes to EVs," cautioning that heightened trade barriers could ultimately harm Europe more than China. Industry leaders in the automotive ...
The loudest outcry against the tariff came from Germany. "Tariffs on Chinese electric cars would be wrong ... We have to speak plainly and negotiate with China - but trade wars only have losers," said German Finance Minister Christian Lindner Thursday on X, former Twitter, in the wake of ...
Moreover, Macan expressed concerns about the broader implications of the tariffs on the global green transition. He said that such measures could undermine efforts to stimulate the production of environmentally friendly cars. Despite the EU's potential tariff hike, Macan said he believes Chinese EVs ...
Pedro Sanchez, during a recent visit to China, voiced his opposition to the proposed EU tariffs on Chinese EVs, 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....
Under the tariff scheme, Tesla vehicles manufactured in Shanghai face an additional surcharge of 7.8 percent on top of 10 percent already in place for EV imports from China. BYD similarly faces a 17 percent surcharge, Geely 18.8 ...
According to the analysis, the EU tariff adjustment is obviously punishing. In the 12 months before June 2009, the total export volume of Chinese enterprises to the EU increased by 2 times compared with that in 2005, while the share of European producers in their domestic market dropped from ...
vehicles, brandy and dairy products, they said. Additionally, there is a possibility of further tariff increases on EVs imported by China from the EU, they said, adding that any countermeasures would aim to send a clear message and urge the EU to reconsider its decision regarding Chinese EVs....
The EU said the amount depended on the level of state subsidies received by the firms. Electric car producers in China that cooperated with the EU will face a tariff of 21 percent, while those that did not cooperate would be subject to a 38.1 percent duty. ...
This is why the tariff on Tesla cars is a lot lower than those placed on its Chinese brand rivals. It's an American company. Chinese were a lot more generous to indigenous Chinese companies. But even they are being tariffed at different rates. These tariffs could make it more challenging...