Written by Cláudio Afonso | LinkedIn | X
In a closed-door meeting held this Tuesday, which included representatives from European car manufacturers, China’s auto industry have called on Beijing to hike tariffs on imported European gasoline-powered vehicles.
The European Union has recently announced that will impose additional tariffs of up to 38.1 percent on electric vehicles imported from China starting from July.
In a statement published last week, the EU said it will hike tariffs to 38.10 percent on automakers who did not cooperate with the investigation that started last year and 21 percent on the Chinese electric vehicle manufacturers which have not been “sampled”.
According to the state-backed Global Times newspaper, the meeting was orchestrated by China’s Ministry of Commerce and saw participation from major players such as SAIC Motor Corp., BYD Co., BMW, Volkswagen Group, and Porsche.
The industry leaders suggested that significant consideration be given to raising the provisional tariff on gasoline cars equipped with large-displacement engines, according to sources familiar with the matter.
Last month, the US administration announced tariffs of 25 percent on steel and aluminum, 50 percent on semiconductors, 100 percent on electric vehicles, and 50 percent on solar panels.
In a post on the social media platform X, Joe Biden said that “China is determined to dominate these industries” while enhancing that he is “determined to ensure America leads the world in them”.
Written by Cláudio Afonso | LinkedIn | X
