According to Reuters, on September 12, the European Commission said it had received proposals from Chinese electric vehicle manufacturers for minimum import prices to enter the EU as a way to circumvent import tariffs, but the European Commission rejected these proposals.
The European Commission is conducting a countervailing investigation into Chinese-made electric vehicles and said that several Chinese electric vehicle exporters have submitted minimum price commitments to export cars to the EU at the lowest price to offset domestic subsidies.
A European Commission spokesman said: “Our review focuses on whether these price proposals can eliminate the negative effects of subsidies and whether they can be effectively monitored and enforced.
The current European Commission has concluded that none of these price proposals meet these requirements.
“, The European Commission declined to disclose details of the price proposals, but said it had conducted a comprehensive review to determine whether it complied with World Trade Organization and European Union countervailing rules.
, The spokesperson added: “The European Commission remains open and willing to reach a solution through consultations, but this process must fully comply with WTO rules and fully compensate for the identified adverse effects of China’s electric vehicle subsidies.
“, EU Trade Commissioner Valdis Dombrovskis will meet with Chinese Commerce Minister Wang Wentao next Thursday (September 19) to negotiate additional tariffs on Chinese electric vehicles.
Photo source: European Union, the European Commission is about to propose a final tariff of up to 35.
3% on electric vehicles made in China.
It is worth noting that this tariff will be imposed in addition to the EU’s existing 10% vehicle import tariff.
, The 27-member EU will vote on the proposed proposal for final tariffs.
Unless 15 EU member states, representing 65% of the EU’s total population, vote with a valid majority, the tariffs will be formally implemented before the end of October.
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