The European Commission plans to introduce countervailing duties on electric cars from China
The European Commission announced its intention to introduce provisional countervailing duties on imports of battery electric vehicles (BEVs) from China following an investigation that found unfair subsidization of Chinese manufacturers. Customs tariffs will range from 17.4% to 38.1% depending on the manufacturer.
The decision was taken after the European Commission found that Chinese BEV manufacturers receive undue state support, which creates an uneven playing field for European companies.
The European Commission has already turned to the Chinese authorities to discuss its findings and find a solution to the problem. If the negotiations do not bring results, countervailing duties will be introduced from July 4.
The European Commission’s decision drew sharp criticism from the Chinese Chamber of Commerce in the EU, which called it a “protectionist measure” and a “witch hunt.”
Key points
- Customs tariffs on Chinese electric vehicles will range from 17.4% to 38.1%.
- The decision follows an investigation that found unfair subsidization of Chinese manufacturers.
- The European Commission is negotiating with China to solve the problem.
- If the negotiations do not bring results, the tariffs will be introduced from July 4.
- The decision drew criticism from the Chinese Chamber of Commerce in the EU.
