Chinese freight containers on the map of Europe. Import of Chinese goods concept. 3D rendered … [+] illustration. getty The European Union has imposed preliminary fine increases on Chinese electric vehicles. European carmakers do not know when the expected retaliations will come and how severe they will be. The EU on Thursday raised tariffs to … Read more
German carmakers such as Volkswagen and BMW are increasingly warning about the potential negative consequences of EU tariffs for the long-term competitiveness of the European car industry, but also for their own operations in China. ADVERTISEMENT German carmaker Volkswagen recently criticized the EU’s plans to impose import duties of up to 38% on Chinese electric … Read more
Brussels accuses Beijing of giving its carmakers huge subsidies, leading to artificially low prices and unfair competition. ADVERTISEMENT The European Commission has confirmed what seemed a preconceived conclusion: it will impose high tariffs on electric vehicles (BEVs) produced in China from 5 July. This is a major decision that will redefine relations with Beijing and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. China has agreed to hold talks with the EU over its decision to impose higher tariffs on imports of Chinese electric vehicles, during a visit to Beijing by Germany’s vice chancellor aimed at easing tensions. … Read more
Stay informed with free updates Simply log in to the Renewable energy myFT Digest – delivered straight to your inbox. The largest US renewable energy developer has warned President Joe Biden against imposing more trade tariffs on Chinese clean energy technologies as it risks slowing the green transition. Rebecca Kujawa, CEO of NextEra Energy Resources, … Read more
German automakers such as BMW, Mercedes-Benz and Volkswagen could be hit hard by retaliatory tariffs because they all have huge production plants in China. ADVERTISEMENT Germany could try to stop the European Union from imposing higher tariffs on Chinese electric vehicles (EVs), which will reportedly come into effect on July 4, or at least weaken … Read more
So what are the details, how will this impact the industry and will it affect the price of cars at the dealer’s gas station? What are the rates? The tariffs are aimed at countering alleged state aid to China’s auto industry, which allows exported vehicles to be sold at lower prices than those of global … Read more
Stay informed with free updates Simply log in to the Trade disputes myFT Digest – delivered straight to your inbox. Brussels is pushing ahead with Chinese tariffs on electric vehicles expected to raise more than 2 billion euros a year, ignoring German government warnings that the move risks sparking a costly trade war with Beijing. … Read more
Image source, Getty Images Image caption, Chinese companies could make electric cars for 25% less than their European and American rivals Item information Author, Theo Leggett Role, BBC International Business Correspondent 1 hour ago With China accused of selling electric cars at artificially low prices, the European Union is widely expected to hit them with … Read more
Volvo has started shifting production of Chinese-made electric vehicles to Belgium, expecting the European Union to continue a crackdown on Beijing-subsidized imports. The Sweden-based company is seen as the most exposed among Western carmakers to controversial plans to impose tariffs on a flood of cheap electric vehicles coming to Europe from Chinese factories. Company insiders … Read more