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Europe moves to hike tariffs on EVs made in China

22 Comments
By DAVID McHUGH and KELVIN CHAN

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22 Comments
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It's 1970s and 80s all over again, except it's China and not Japan this time.

6 ( +7 / -1 )

It's 1970s and 80s all over again, except it's China and not Japan this time.

I doubt there will be any Plaza Accord imposed on China

0 ( +2 / -2 )

I didn't think the EU had any choice, the options are, let the market distort (severely) or follow the US.

The CCP has buggered industries after industries in their own backyard, do you think they really care about your the market in your country? Property - destroyed, Fintech - destroyed, Investment - destroyed (even before it got anywhere), hospitality and service industries - up and down like a yoyo...there isn't a sustainable success story anywhere to be found in China.

If the EU didn't follow, Chinese EVs and hybrids will be dumped all over Europe, the entire auto economy of the EU will vanish.

A number of brands in Australia has already exited the market along with the support industries and allied manufacturing. Australia doesn't have a car industry so there's no opposition to Chinese cars, but IMHO, Australia will be the first to experience total upheaval from the Chinese onslaught.

Worse of all, every Chinese EV you buy, you are making the average Chinese person poorer and more destitute because the government is using taxes from the poor to subsidize the rich bosses.

2 ( +4 / -2 )

Getting around this tariff is setting up Chinese EV factories outside of China, so it doesn't work in the long run.

The only way to survive in the long term is a competitive product line up, and the Chinese will eat the weak rivals, particularly the Japanese whose EVs are inferior to the Chinese EVs.

https://www.wsj.com/business/autos/hyundai-and-kia-emerge-as-teslas-biggest-u-s-rivals-bc610384

Hyundai, Kia Emerge as Tesla’s Biggest U.S. Rivals on EVs

https://www.businesskorea.co.kr/news/articleView.html?idxno=218742

Hyundai Motor Group’s Share Hits Record High of 11.2% in U.S. EV Market

Michael Herh  2024.06.10 11:27

-2 ( +2 / -4 )

First the US and now Europe admit they just can't compete with China.

-3 ( +4 / -7 )

 the preliminary results of its ongoing investigation into Chinese EV subsidies

OK "rules based international order" EU , finish your investigation, publish results and take your complaint (if one is found) to the World Trade Organization.

Bretton Woods is dead.

-5 ( +0 / -5 )

Chinese cars are rising meteorically , no wonder countries with domestic manufacturers see the need to protect those companies but are such high tariffs the way to go? Too bad for the consumers in EU and US.

-2 ( +3 / -5 )

I pity European consumers being "forced" to buy extremely high priced inferior products instead of forcing their firms to become more competitive.

-2 ( +2 / -4 )

Chinese cars are rising meteorically , no wonder countries with domestic manufacturers see the need to protect those companies but are such high tariffs the way to go? Too bad for the consumers in EU and US.

Chinese cars are rising up in flames meteorically , no wonder countries with sensible safety standards see the need to protect those companies but are such high tariffs the way to go? No surprise BBQ for the consumers in EU and US.

fixed it for ya…

1 ( +5 / -4 )

BeerDeliveryGuy

Today 10:47 am JST

Chinese cars are rising meteorically , no wonder countries with domestic manufacturers see the need to protect those companies but are such high tariffs the way to go? Too bad for the consumers in EU and US.

> Chinese cars are rising up in flames meteorically , no wonder countries with sensible safety standards see the need to protect those companies but are such high tariffs the way to go? No surprise BBQ for the consumers in EU and US.

> fixed it for ya…

Lol no need to impose tariff on a product that doesn't meet safety standards.

-2 ( +1 / -3 )

Chinese cars are rising up in flames meteorically , no wonder countries with sensible safety standards see the need to protect those companies but are such high tariffs the way to go? No surprise BBQ for the consumers in EU and US.

China only makes knock-off cheap crap.

-4 ( +2 / -6 )

If they can't stop people from buying might as well squeeze a little more revenue from them.

-3 ( +0 / -3 )

I remember when European companies were exploiting cheap labor in China, there was no outcry. China took advantage of this by reverse engineering. Those who thought that such a huge nation would just work hard for us without developing their own technology were wrong.

0 ( +3 / -3 )

Anyone seen the Porche knockoff Chinese EV released 2 months ago? https://www.youtube.com/watch?v=35COAputIYs Do you really want a vehicle made by a cell phone manufacturer? Not exactly the safest vehicles. About a month after that vehicle was released, the number of crashes and other mishaps with that specific model are extremely high. Seems that the safety claims were all fabricated. https://youtu.be/UFd7Lmp-1yA Dead breaks. https://youtu.be/alWRUz_wgNA Chinese review spells out the flaws. For example, the doors only work if the battery is connected. After an accident and the doors can't be opened.

0 ( +1 / -1 )

The Biden administration is raising tariffs on Chinese EVs to 100% from the current 25% The U.S. currently imports very few Chinese cars, but like the European Commission, the administration worries that subsidies hurt domestic companies and cost jobs.

.

Western governments want net zero and are presently imposing punitive measures on car drivers, forcing them to scrap their cars or by introducing extremely low speed limits.

Slapping punitive tariffs on Chinese vehicles is not the way to decarbonize nor clean up filthy city air…

-2 ( +0 / -2 )

kurisupisuToday 10:19 pm JST

Slapping punitive tariffs on Chinese vehicles is not the way to decarbonize nor clean up filthy city air…

No, we'll decarbonize by using our own EVs that are made with actual regard for the environment. Rather than buying from the country that is building six times more coal plants than the rest of the world combined.

https://www.npr.org/2023/03/02/1160441919/china-is-building-six-times-more-new-coal-plants-than-other-countries-report-fin

And that's before we even mention China's subsidies (the point of the article, and reason enough to shun China), environmental degradation in its supply chains or forced labor.

-1 ( +0 / -1 )

First the US and now Europe admit they just can't compete with China.

People in developed nations don't want to live in a company dorm eating food from the company dining hall (the costs for which are deducted from their pay even if they don't live in the company dorm but have an apartment in town) and EU and US firms are not allowed to use Uyghur slave labor.

2 ( +2 / -0 )

Seems that the safety claims were all fabricated. 

The Chinese copy Japanese auto makers in more ways than one .....

-1 ( +0 / -1 )

tomorrows news.

China have increased tariffs for cars from EU.

Nope. Wrong headline. The Chinese will impose big tariffs on EU sourced pork. This will do a great deal of harm to EU pig farmers and processing firms. The Chinese will eat parts of the pig like feet, snouts and other parts considered to be offal in Europe in great quantities. The EU makes a nice profit selling off parts of the pig to China that nobody in the EU will eat. Imposing tariffs on this trade will be costly for EU farmers.

-1 ( +0 / -1 )

Slapping punitive tariffs on Chinese vehicles is not the way to decarbonize nor clean up filthy city air…

Why not?

EVs purchased locally avoids the carbon emission associated with shifting resources from around the world to China, then shipping Chinese EVs back to the rest of the world again. You have not noticed BYD has had to build new car carrier just to ship cars O/S?

1 ( +1 / -0 )

If Chinese EVs are so great for the environment, why are the skies over every major Chinese metro area so gray every day and contain unhealthy particulate levels, unless it just rained to wash the air? The sky's there don't lie. Everyone can see the smog in China. No way for the CCP to hide that.

How great are those EVs?

0 ( +0 / -0 )

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