The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.EU to impose duties on electric vehicle imports from China from Thursday
By LORNE COOK BRUSSELS©2024 GPlusMedia Inc.
12 Comments
Login to comment
Mr Kipling
Poor Europe can't compete. Partly because of higher energy costs due to their failed sanctions on Russia.
sakurasuki
Who will suffer, the farmer. Well done EU politicians!
https://www.europeaninterest.eu/china-ready-for-pork-new-tariffs-as-retaliation-against-ev-hike/
JeffLee
China has always had tariffs on foreign cars, generally around 15% these days. That's why its auto industry today is so successful. What's the big deal?
Fos
In the meantime Europe is buying LNG from Usa (the one produced from fracking, the most dangerous for the global environment) three time the price of cheaper and better quality natural gas from Russia. Go figure Germany is in recession and Washington is reaping all the benefits :)
Hervé L'Eisa
The tariffs on Chinese made goods should be much higher.
GBR48
Tariffs damage those levying them. Here, geopolitics whipping the green transition into a poor second. If you can't bag a cheap Chinese EV, get a second hand ICE vehicle instead. European governments clearly aren't prioritising climate change, so why should their citizens care?
Chabbawanga
More inflation! Love it
Sven Asai
So the mask has fallen and it's obviously also not about less CO2 and climate change but simply about selling only own, EU produced EV cars, right? lol
iron man
Poor Euro / US cannot compete 'cos china EV manufacturers are willing to share battery technology etc an have more efficient and eager (ok maybe cheaper) manufacturing facilities. Anybody remember the reaction ~1965 when the first jpn cars were introduced toUghK, (I recall, all syncro gear boxes , headlights that worked in the rain...). EV green transition ... green? massive EV 2.5t Jeeps packing 650+ horses for the school runs in my place. It is targeted at image, not climate, may I state massive shareholder dividends, sure more inflation
j
MiuraAnjin
Who gets to keep the tax?
The individual countries importing the cars, or the EU itself?
Mark
A very stupid decision.
VW for example is already experiencing a severe sale slump in China (they're going to close 3 factories in Germany), what do you think it's gonna happen? Obviously China will retaliate with other tariffs and in turn new tariffs against China and so on
An interesting documentary from NHK World (https://www3.nhk.or.jp/nhkworld/en/shows/nationtrade) showed that if tariffs worldwide won't be removed that will cost around 9-11% of missed GDP growth over the next 20 years.
Are we sure we can miss so much economic growth while continuing to disrupt global supply chains just because our irrational politicians tell us to do so?
I have yet to find a single company that likes tariffs and duties
JeffLee
That's a laugh. The opposite is true. The world's two fastest producers, China and S. Korea, have relied heavily on tariffs to get where they are. The next predicted superstar, Vietnam, hits foreign cars with tariffs of 50 to 70 percent. These countries are not stupid.