EU gives final green light to steep tariffs on Chinese electric cars
Briefly

from euronews1 day ago
"By adopting these proportionate and targeted measures after a rigorous investigation, we're standing up for fair market practices and for the European industrial base," said Valdis Dombrovskis, the Commission's executive vice president in charge of trade.
euronewshttps://www.euronews.com/my-europe/2024/10/29/eu-gives-final-green-light-to-steep-tariffs-on-chinese-electric-cars
The tariffs will apply as of Wednesday and remain in place for the next five years. In the meantime, Brussels will continue negotiations with Beijing in an attempt to secure a deal on minimum prices that can replace the tariffs.
euronewshttps://www.euronews.com/my-europe/2024/10/29/eu-gives-final-green-light-to-steep-tariffs-on-chinese-electric-cars
The executive argues that additional tariffs are necessary to offset the effects of the subsidies it claims Beijing is injecting on a large scale across its domestic EV sector.
euronewshttps://www.euronews.com/my-europe/2024/10/29/eu-gives-final-green-light-to-steep-tariffs-on-chinese-electric-cars
As a result, Chinese firms' EV sales in Europe have increased at extraordinary pace: their market share jumped from 1.9% in 2020 to 14.1% in 2023.
euronewshttps://www.euronews.com/my-europe/2024/10/29/eu-gives-final-green-light-to-steep-tariffs-on-chinese-electric-cars
Read at euronews
#electric-vehicles #tariffs #european-commission #china #trade-policy
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