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Germany Today

German news in English

Thursday, October 17, 2024

EU-China Trade Tensions Rise Over EV Tariffs

Published: 2024-07-05

The European Union has implemented provisional additional tariffs on electric vehicles (EVs) from China, effective from midnight.

These tariffs range from 17.4% to 37.6%, depending on the manufacturer.

The EU Commission's investigation concluded that Chinese EV manufacturers benefit from unfair subsidies, potentially harming European industry.

In response, China is considering countermeasures, including an anti-dumping investigation into European brandy imports.

This move could particularly affect French producers.

The German government and automakers are skeptical about the tariffs, fearing potential retaliation that could impact their significant market in China.

Both sides have expressed willingness to negotiate a solution within the next four months before the measures become permanent.