The EU has notified Beijing that it intends to impose tariffs of up to 38% on imports of Chinese electric vehicles, triggering duties of more than €2bn (£1.7bn) a year and a potential trade war with China.
The tariffs will be applied provisionally from next month in line with World Trade Organization rules, which give China four weeks to challenge any evidence the EU provides to justify the levies on imported EVs.
However, senior sources say that the question of EV dumping is also causing concern in non-EU member states and there is a determination to ensure that China cannot have global dominance in electric cars and other green tech products.
The subject is expected to come up at the G7 summit in Italy on Thursday with the EU hoping to persuade other leaders that the response to China’s overcapacity in cars, steel and other items including solar panels and electric vehicle batteries needs to be “targeted”.
Leaders gathering at the G7 are expected to raise the topic of small Chinese banks funding deals with Russia amid concern this is bolstering the Kremlin’s war effort.
Lin Jian told a press briefing in Beijing that politicians and industry representatives from many European countries had expressed opposition to Brussels on the matter of tariffs, in what could be a reference to Germany, which is concerned about counter-measures on its own car exports to China.
The original article contains 865 words, the summary contains 232 words. Saved 73%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The EU has notified Beijing that it intends to impose tariffs of up to 38% on imports of Chinese electric vehicles, triggering duties of more than €2bn (£1.7bn) a year and a potential trade war with China.
The tariffs will be applied provisionally from next month in line with World Trade Organization rules, which give China four weeks to challenge any evidence the EU provides to justify the levies on imported EVs.
However, senior sources say that the question of EV dumping is also causing concern in non-EU member states and there is a determination to ensure that China cannot have global dominance in electric cars and other green tech products.
The subject is expected to come up at the G7 summit in Italy on Thursday with the EU hoping to persuade other leaders that the response to China’s overcapacity in cars, steel and other items including solar panels and electric vehicle batteries needs to be “targeted”.
Leaders gathering at the G7 are expected to raise the topic of small Chinese banks funding deals with Russia amid concern this is bolstering the Kremlin’s war effort.
Lin Jian told a press briefing in Beijing that politicians and industry representatives from many European countries had expressed opposition to Brussels on the matter of tariffs, in what could be a reference to Germany, which is concerned about counter-measures on its own car exports to China.
The original article contains 865 words, the summary contains 232 words. Saved 73%. I’m a bot and I’m open source!