The EU’s provisional tariffs of up to 37.6% on imports of electric vehicles made in China is causing a stir.
EU says it’s a result of “unfair subsidization.” Beijing calls it “naked protectionism.”
Will Denselow on the latest from Brussels.
#evs #cars #eu #china #tariffs
EU says it’s a result of “unfair subsidization.” Beijing calls it “naked protectionism.”
Will Denselow on the latest from Brussels.
#evs #cars #eu #china #tariffs
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NewsTranscript
00:00EU officials say these tariffs are a procedural step and part of an investigation that's been
00:05in the works for the past nine months. It says that this is due to what they describe
00:10as China's unfair subsidisation that's causing an economic threat to Europe's electric vehicle
00:18manufacturers. A spokesperson for the European Commission says that these tariffs aim to
00:22correct an imbalance and seek fair competition. In response, Beijing has maintained that these
00:28duties amount to naked protectionism. The two sides are in continuing talks in the hopes
00:36of coming to some agreement. There's now four months for the EU to decide whether to make
00:41these tariffs permanent for the next five years. There are some notable holdouts with
00:46German automakers particularly resistant to these tariffs, calling on the European Commission
00:52to slip this move into reverse.