Breaking Kenya News Forum

Topics

EU tariffs on Chinese imported EV’s

France, Greece, Italy and Poland will vote on Friday for tariffs of up to 45% on imports of electric vehicles (EVs) made in China, enough to get the European Union proposal passed in a move likely to increase trade tensions with Beijing. Commission President Ursula von der Leyen, who launched the investigation a year ago, said EU industry needed to protect itself against a potential flood of cheap Chinese EV imports benefiting from state subsidies. The EU executive has said it is willing to continue negotiating an alternative to tariffs with China and could re-examine a price undertaking – involving a minimum import price and typically a volume cap – having previously rejected those offered by Chinese companies. Is the EU afraid of Chinese dominance ?

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>