{"id":626618,"date":"2024-07-04T19:41:44","date_gmt":"2024-07-04T16:41:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs\/"},"modified":"2024-07-04T19:41:44","modified_gmt":"2024-07-04T16:41:44","slug":"why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs\/","title":{"rendered":"#Why the EU is imposing maximum tariffs of 36.7% on Chinese EVs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a368dd30efb6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a368dd30efb6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs\/#Why_is_the_EU_imposing_the_new_tariffs\" >Why is the EU imposing the new tariffs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs\/#Reactions_in_the_EU\" >Reactions in the EU<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-eu-is-imposing-maximum-tariffs-of-36-7-on-chinese-evs\/#Negotiations_continue\" >Negotiations continue<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n                            The EU today <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_3630\">confirmed<\/a> huge new tariffs for<span> EVs imported from China.<\/span><\/p>\n<p>From Friday, provisional charges of between 17.4% and 37.6% will be imposed on the vehicles.<\/p>\n<p>The lowest level will <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to BYD, an automaker based in Shenzhen. Geely, which owns Volvo, Polestar, and Lotus, faces duties of 19.9%. SAIC, a Chinese state-owned carmaker, will receive the maximum 37.6%.<\/p>\n<p>Other companies <span>will be subject to new tariffs of 20.8%, the weighted average.<\/span><\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>These fees will come on top of a 10% duty that was already in place. As a result, prices of EVs in Europe could increase.<\/p>\n<p>Beijing may also impose retaliatory measures. Nonetheless, the EU argues that the intervention is essential.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_the_EU_imposing_the_new_tariffs\"><\/span>Why is the EU imposing the new tariffs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The charges are an attempt to protect the EU auto industry. Beijing has been accused of creating unfair competition through \u201c<span>illegal subsidisation\u201d<\/span> of Chinese EV makers.<\/p>\n<p><span>Last October, the EU <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_4752\">opened<\/a>\u00a0an investigation into<\/span> the matter.<\/p>\n<p>\u201cThe electric vehicle sector holds huge potential for Europe\u2019s future competitiveness and green industrial leadership,\u201d Ursula von der Leyen, the European Commission president, said at the probe\u2019s launch.<\/p>\n<p>\u201cEU car manufacturers and related sectors are already investing and innovating to fully develop this potential. Wherever we find evidence that their efforts are being impeded by market distortions and unfair competition, we will act decisively.\u201d<\/p>\n<p>The EU has now concluded that the subsidies are indeed unfair. With access to this state support, Chinese EV makers stand accused of artificially lowering prices.<\/p>\n<p>According to Brussels, this threatens \u201ceconomic injury\u201d to the bloc\u2019s carmakers. Still, not everyone in the EU supports the charges.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reactions_in_the_EU\"><\/span>Reactions in the EU<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Government officials and carmakers have raised several objections to the tariffs.<\/p>\n<p><span>Sweden\u2019s prime minister fears the duties will escalate \u201ca wider trade war.\u201d Germany\u2019s chancellor warned the measures will also harm EU companies that import EVs from China.<\/span><\/p>\n<p><span>Hungary, which has forged a strong trade partnership with Beijing, has provided sterner rebukes. \u201cWe disagree with the brutal European punishment of Chinese electric car manufacturers with punitive tariffs,\u201d the country\u2019s economic ministry <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/hungary-condemns-eu-tariffs-chinese-ev-imports-2024-06-12\/\">said last month<\/a>. \u201cProtectionism is not the solution.\u201d<\/span><\/p>\n<p>Another critic is\u00a0German car giant Volkswagen. \u201cThe negative effects of this decision outweigh any benefits for the European and especially the German automotive industry,\u201d a company spokesperson said today.<\/p>\n<p>Industry analysts have also questioned the EU\u2019s plans. <span>James Edmondson, an EV expert at market intelligence firm IDTechEx, fears the plan will backfire.<\/span><\/p>\n<p><span>\u201cThe long term impact of restricting trade with China more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly could be detrimental to EU manufacturers and adoption of EVs especially when the EU is still so reliant on China for components like EV batteries,\u201d he told TNW last month.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Negotiations_continue\"><\/span>Negotiations continue<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Inevitably, the EU has downplayed the concerns. The bloc\u2019s trade chief, Valdis Dombrovskis, said discussions with Beijing could still create a mutually beneficial outcome.<\/p>\n<p>\u201cOur aim is to\u2026 ensure fair competition and level playing field,\u201d Dombrovskis <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-07-04\/talks-with-china-on-ev-tariffs-are-ongoing-dombrovskis\">told Bloomberg News<\/a> today. \u201cTherefore, once again, we do not see any basis for retaliation.<\/p>\n<p>\u201cThose talks with China are ongoing and indeed should a mutually beneficial solution emerge, we can also find ways not to apply at the end of the day the tariffs.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/eu-tariffs-on-chinese-evs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU today confirmed huge new tariffs for EVs imported from China. From Friday, provisional charges of between 17.4% and 37.6% will be imposed on the vehicles. The lowest level will apply to BYD, an automaker based in Shenzhen. Geely, which owns Volvo, Polestar, and Lotus, faces duties of 19.9%. SAIC, a Chinese state-owned carmaker,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":626619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2022%2F02%2FUntitled-design-48-1.jpg&signature=4188c35bddea595c827516e81ec32866","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-626618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/626618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=626618"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/626618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/626619"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=626618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=626618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=626618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}