Fast Technology reported on June 12.
According to domestic media reports, the European Commission issued an announcement on June 12 stating that if a solution cannot be reached with China, the tariff increase will be implemented around July 4.
The European Commission said it would impose additional tariffs of 17.
4%, 20% and 38.
1% on BYD, Geely Automobile and SAIC Motor respectively.
a 21% tariff would be imposed on other manufacturers.
and separate tax rates may apply to Tesla cars imported from China.
Previously, the United States had issued an announcement to impose a 301 tariff on China.
The new tariff regulations will take effect on August 1.
Among them, the tariff increase for electric vehicles is the highest, increasing from the original 25% to 100%.
However, there is no unanimous support within the EU for the EU to impose tariffs on Chinese electric vehicles.
Swedish Prime Minister Kristensson has previously said that it is not wise to impose import tariffs and hinder trade globalization.
German Chancellor Scholz also recently claimed that the German auto industry is benefiting from China’s business.
The EU has imposed tax on China’s electric vehicles.
If China takes countermeasures, it will affect Germany’s Mercedes-Benz, Porsche and BMW.
Car companies have the biggest impact.
Executives from BMW, Mercedes and Volkswagen have previously warned the European Union not to impose import tariffs on cars from China and that tariffs will not reduce the competitiveness of Chinese electric vehicles.
BMW CEO Zipzer said that the EU’s tax increase on Chinese electric vehicles is “lifting a stone to shoot itself in the foot.
” Ziptzer believes that Europe’s automobile industry does not need trade protection.
Doing business on a global scale can bring industrial advantages to major automobile manufacturers.
Introducing import tariffs can easily endanger this advantage.
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