The European Fee continues: excessive import taxes on electrical vehicles from China from tomorrow

Though the import duties are supposed to forestall unfair competitors in opposition to European producers, the latter don’t reply enthusiastically.

Volkswagen, Europe’s greatest automobile producer, says it’s rejecting “dangerous” European import duties on Chinese language electrical vehicles. “The damaging results of this determination outweigh any potential advantages for the European automobile business,” he mentioned.

Rival BMW says the import expenses will result in “disruption” and are a “severe breach of the precept of free commerce”. German automobile producers, together with Volkswagen, worry retaliation from China, their most necessary gross sales market.

“Any protectionist measure, together with further import duties, (…) restricts free commerce and introduces the danger of commerce conflicts, in the end a ‘ to the detriment of all events,” mentioned the German federation of automobile producers VDA. He due to this fact calls on China and the European Fee to “make each effort to discover a answer inside open and constructive dialogue.” A worldwide commerce battle should be prevented,” the alliance concludes.