On June 27, Bloomberg quoted sources as reporting that the European side “fine-tuned” tariffs after collecting more information.
According to the adjusted plan, SAIC Motor’s tariffs will be slightly reduced from 38.
1% to 37.
6%, Geely Automobile’s tariffs will be reduced from 20% to 19.
9%, and BYD’s tariffs will remain unchanged at 17.4%. 
, in October 2023, the EU launched a countervailing investigation on Chinese electric vehicle exports to Europe.
On June 12, 2024, the European Union announced the proposed provisional tariff level on electric vehicles imported from China, which will be implemented by the customs of member states starting from July 4.
According to the EU press release, the European Commission will impose individual duties on three Chinese automakers sampled, including 17.
4% for BYD, 20% for Geely, and 38.
1% for SAIC.
Other Chinese electric vehicles that were not sampled but cooperated with the EU investigation will be subject to a weighted average tariff of 21%, while electric vehicles that did not cooperate with the investigation will be subject to a remaining tariff of 38.1%. According to the Ministry of Commerce, on June 22, Minister of Commerce Wang Wentao held a video meeting with Executive Vice Chairman and Trade Commissioner Dombrovskis of the European Commission.
The two sides agreed to start consultations on the EU’s anti-subsidy investigation against electric vehicles against China.
, on June 26, at the 15th Summer Davos Forum, Wan Gang, Chairman of the China Association for Science and Technology, responded to the EU’s increase in automobile tariffs, saying that China’s automobile market has become internationalized and the establishment of trade barriers is There is no consensus, and many EU countries also oppose this.
“Although there are some geopolitical influences at present, from the government’s perspective, on the road to global economic development, the two sides should conduct good consultations.
” Wan Gang said, In addition, it is reported that with only one week left before the EU starts imposing additional tariffs on imported electric vehicles from China on July 4, China has proposed to adjust downward the current 15% import tariff on EU large-displacement vehicles, and intends to provide some subsidies to German automakers in an attempt to make a final effort to salvage the situation.
An analysis by the Institute for World Economics in Kiel, Germany is particularly critical in this context.
The report warned that if the EU insists on imposing a 20% import tariff on Chinese-made electric vehicles, the import volume of Chinese electric vehicles in the EU market will drop sharply by about 125,000 units, and the direct economic loss may approach US$4 billion.
This forecast has undoubtedly exacerbated people’s concerns about the possible negative economic consequences of trade protectionism measures.
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