High tariffs on Chinese battery electric vehicles in the European Union will be introduced from July 5, the European Commission (EC) decided, citing that China is showering its car manufacturers with huge amounts of subsidies that lead to artificially low prices and unfair competition.
Decision EK it is based on a detailed investigation which revealed that subsidies are given to all parts of the supply chain electric vehicles produced in Kini, regardless of whether it is Chinese or foreign vehicle manufacturers operating in China.
Public money was discovered everywhere, from the mining of raw materials needed to produce batteries to the transport services hired to bring the finished products to the shores of Europe, writes Euronews.
According to earlier announcements, the EU should increase up to 38,1 percent for some Chinese electric vehicles.
Part of the German auto industry against
Against such a decision of the EC, the German association of the automotive industry VDA, which the day before the decision was made, on June 3, called on the European Union to waive new tariffs on Chinese electric cars.
The association warned that the introduction of higher tariffs would harm European and American car manufacturers that export from China.
It was especially emphasized that China's retaliatory measures could appear, which would severely affect the automotive industry in Germany, Reuters reported.
Greater imports into China than exports from China
The VDA association stated that the value of passenger car exports from Germany to China last year was three times higher than the value of vehicle imports from China.
That is why the VDA Association emphasized that customs duties aimed against subsidies are not an adequate measure for the long-term strengthening of European competitiveness and resilience.
The association therefore said that instead of tariffs, the EU should provide access to critical raw materials for the European car industry and focus on creating a transparent trade policy and reducing barriers to market access.
Justified fears of reciprocity
The fears of German car manufacturers that China might retaliate are not unfounded.
In June 2024, car companies from China, according to the Chinese edition of "Global Times", asked the authorities in Beijing to respond to rivals from the EU by increasing the tax on EU vehicles by 25 percent, if the EU introduces an additional tax on vehicles from China, the country's state media reported.
The request appeared at a closed-door meeting organized by the Chinese Ministry of Commerce, which was also attended by representatives of European car companies.
It was proposed to impose a higher temporary duty on large volume gasoline vehicles imported from Europe within the limits allowed by the rules of the World Trade Organization.
Source: Euronews, Reuters, Global Times
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