The European Union (UE) announced this Tuesday, August 20, 2024 its intentions to impose a harsh tariff to electric cars coming from China.
According to the European Commission, the possibility of set a 36% tax, for a period of 5 yearsto all electric vehicles imported from the Asian country.
The EU’s intention is to ensure that the Chinese government is able to reach an agreement that benefits all parties and avoids the imposition of a high tax.
Europe punishes Chinese electric cars with a tough tariff
Europe announced that all EU member countries would impose a 36% tariff to all electric cars arriving from China.
The Commission stated that this tariff will be added to the current rate of 10% which is currently applied to this type of Chinese products, and It will come into force in the last weeks of next October 2024.
The EU detailed that this tax it will be fixed that waysince in the first meetings, held in July, the possibility of a tariff on electric cars from Asia was raised out of 38%.
The Commission stated that before this new tax takes effect, it is open to dialogue to seek other options that will help render this measure invalid.
Electric cars, sustainability and their impact on the environment (Freepik)
China opposes heavy tariff imposed by Europe on its electric cars; EU countries are also said to be against it
China’s Ministry of Commerce shared that strongly opposes the recent decision of the EU to impose a heavy tariff on its electric vehicles.
However, he said be willing to negotiate to reach a middle ground for both sides, and prevent an escalation of trade disagreements.
In addition, the EU received complaints about the decision by Germany and Swedenwho urge to seek other negotiation options.
electric cars (Freepik)
2024-08-21 21:41:34