Leaders in the European Union are a step closer to slapping additional tariffs on battery electric vehicles from China. They want to protect the market from what they describe as Beijing's "injurious subsidization."
On Friday, the EU voted in favor of imposing additional tariffs of up to 35.3 percent. That's on top of the original 10-percent levy.
Sources say the idea was backed by 10 members, including France. The EU's largest economy, Germany, and four other members voted against. Spain and 11 others abstained.
The measure is slated to start at the end of the month and run for five years. But officials also say there's still time to find a compromise through dialogue.
A Chinese commerce ministry spokesperson released a statement accusing the EU of "unfair" and "protectionist" practices, while also acknowledging the bloc's willingness to talk.
The two sides are going tit-for-tat on trade. Beijing has been carrying out an anti-dumping probe into pork and cheese from Europe in response to the EU's tariffs.
Editorial note: The original article stated that the European Commission voted in favor of imposing additional tariffs, but the EU member countries actually did.
On Friday, the EU voted in favor of imposing additional tariffs of up to 35.3 percent. That's on top of the original 10-percent levy.
Sources say the idea was backed by 10 members, including France. The EU's largest economy, Germany, and four other members voted against. Spain and 11 others abstained.
The measure is slated to start at the end of the month and run for five years. But officials also say there's still time to find a compromise through dialogue.
A Chinese commerce ministry spokesperson released a statement accusing the EU of "unfair" and "protectionist" practices, while also acknowledging the bloc's willingness to talk.
The two sides are going tit-for-tat on trade. Beijing has been carrying out an anti-dumping probe into pork and cheese from Europe in response to the EU's tariffs.
Editorial note: The original article stated that the European Commission voted in favor of imposing additional tariffs, but the EU member countries actually did.
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Summary
The EU is moving towards imposing additional tariffs on battery electric vehicles from China, up to 35.3% over the original 10%, in response to perceived subsidization. This measure was backed by 10 members, including France, while Germany and four others voted against, with Spain and 11 others
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ID: e5c3f715-7cae-489b-9d38-521fda733d67
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20241005_02/
Date: Oct. 5, 2024
Created: 2024/10/06 07:00
Updated: 2025/12/08 10:02
Last Read: 2024/10/06 15:35