After the US, it is the European Union’s flip to dam China’s electrical automobiles

Jakarta –

The European Union plans to impose extra import duties on electrical automobiles from China. This coverage is predicted to return into impact from July subsequent month.

This coverage was issued by the European Union Fee after US President Joe Biden quadrupled import taxes for electrical autos from China. From earlier than charging a further obligation of 25%, now it’s 100%.

Citing Reuters, Wednesday (12/6/2024), this coverage goals to guard the automotive trade, particularly European electrical autos, from being eroded by imported Chinese language merchandise. . And not using a low cost, the European Union Fee will impose extra import duties of as much as 38.1%.

“This step (imposition of extra import duties) comes at a time when European automotive producers are struggling because of the inflow of low-cost electrical automobiles from China,” wrote Reuters of their report.

A spokesman for China’s Ministry of Overseas Affairs, Lin Jian, mentioned that the imposition of extra duties might trigger kind of injury to financial and commerce cooperation between China and the European Union. As well as, in keeping with him, this coverage might additionally disrupt the soundness of world automotive manufacturing and provide chains.

“China urges the EU to help free commerce, and Beijing will firmly take all essential measures to guard its official rights and pursuits,” he mentioned.

Regardless of this, Chinese language automotive producers don’t appear to be too involved about this coverage. As automotive producers have predicted that this extra import obligation can be imposed.

“The extra EU tariffs are principally in keeping with our expectations, round 20% on common, which is not going to have a lot affect on most Chinese language firms,” mentioned the Basic Secretary of the China Passenger Automotive Affiliation ( CPCA), Cui Dongshu.

“Those that export electrical autos made in China, together with Tesla, Geely and BYD, nonetheless have nice potential for improvement in Europe sooner or later,” Cui mentioned. – once more.

China’s Ministry of Commerce mentioned it will carefully monitor developments and take all essential measures to guard the official rights of Chinese language firms.

For info, President Joe Biden beforehand carried out excessive import duties on Chinese language merchandise on Tuesday (14/5). These are mentioned to be measures to guard US staff and companies.

It was this coverage that Finance Minister Sri Mulyani Indrawati feared might trigger world geopolitical turmoil. This disruption additionally led to a big enhance within the variety of restrictions or commerce restrictions.

“Lastly, shockingly, Biden imposed the tax on electrical autos from the PRC (Individuals’s Republic of China/China) 4 occasions. , ” defined Sri Mulyani on the assembly. working with the Fee XI DPR RI, final Wednesday (5/6/2024).

(hns/hns)