EU passes tariffs on China-made EV imports
10/04/2024 09:05 AM
On Friday, October 4, 2024, the European Commission’s proposal to impose additional tariffs on China-made electric vehicle (EV) imports received enough support from member states of the European Union (EU) for adoption.
“Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs. This represents another step towards the conclusion of the Commission’s anti-subsidy investigation,” announced the Commission after the EU member states’ vote.
Before the October 4 vote, the Commission proposed imposing duties as high as 35.3% on EVs made in China and sold in Europe. BYD, Geely, and Tesla received individual tariff rates, usually lower than the maximum of 35.3%. SAIC also received an individual surtax but will pay the maximum rate. The tariffs will be placed on top of the 10% currently imposed on imports.
A Commission Implementing Regulation will be published in the European Commission’s Official Journal. The Commission expects the Implementing Regulation to be published by October 30, 2024. It will contain the Commission’s definitive findings during its anti-subsidy investigation into China’s EV imports.
Even though member states voted to impose tariffs on EV imports made in China, the EU and China will continue to discuss alternative solutions to the issue. The European Union is open to finding a WTO-compatible solution that benefits both sides. China’s Ministry of Commerce has filed an appeal with the World Trade Organization (WTO) against Europe and Canada’s tariffs on Chinese EV imports.
EU Passes Tariffs on China-made EV Imports by Maria Merano on Scribd
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