Brussels, Belgium. The European Union (EU) adopted regulations this Tuesday to apply heavy additional tariffs, of up to 35.3 percent, on electric vehicles imported from China, seen as responsible for harming competition in the bloc.
These vehicles were already subject to customs duties of 10% and now have tariffs that reach a maximum of 35.3 percent and vary depending on the companies.
The regulation will become law after being published on Wednesday in the Official Journal of the EU.
The European bloc suspects that the companies that will be subject to additional tariffs benefit from subsidies, and this state aid allows them to compete under advantageous conditions.
According to the regulations, products from the SAIC automotive group will have an additional tariff of 35.3 percent, the BYD group 17 percent and the Geely group 18.8 percent.
Companies that cooperated with EU investigations regarding the impact on competition in the bloc will face a tariff of 20.7 percent, and the rest of the firms 35.3 percent.
Since the EU began discussing these additional tariffs, China has criticized “unfair and irrational protectionist practices.”
China and the EU have been in contact for several months to try to find a negotiated solution to the situation, and the EU announced that it is willing to cancel these additional tariffs if an agreement is reached.
The idea of these customs duties has pitted France and Germany, the bloc’s two largest economies, against each other.
France, on the one hand, maintains that the measure is necessary to level competition, since EU car manufacturers are at a clear disadvantage compared to their Chinese competitors.
However, Germany, known for its strong auto industry and whose largest manufacturers have invested heavily in China, warned that the EU must avoid harming itself and called for negotiations to continue with Chinese authorities.
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