Brussels says the tariffs, which are about to be imposed on Chinese-made electric cars, are in retaliation for Beijing’s financial support for Chinese electric car manufacturers.
On Tuesday, the European Commission published details of the tariffs it plans to impose, with a slight downward adjustment from previous temporary tariffs.
For Tesla cars made in China, the tariffs will be 9%, and for BYD Auto and most Chinese companies cooperating with Brussels, the tariffs will range between 17% and 21%.
As for other Chinese companies, which refused to provide data on the amount of financial support they received from the Chinese government, the customs duties will be 36%, which is more than a third of the price of the car.
These customs duties will be added to another 10% already applied to cars manufactured in China, and the new customs duties (36%) are scheduled to come into effect next October if the European Union member states agree.
The new tariffs will replace a temporary 38% tariff imposed last July, which angered Beijing, which filed a complaint with the World Trade Organization.
The European Commission claims that these measures should neutralise the “risk of economic harm” that European manufacturers may be exposed to due to “huge and unfair subsidies” provided by the Chinese authorities to Chinese brands.
Source: Russian media
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2024-08-21 21:11:55
