The European Commission is conducting an anti-subsidy investigation into Chinese-made electric vehicles (EVs). Several EV exporters have submitted price agreements, which are commitments to maintain a minimum import price to counteract identified subsidies.
Deadline for Price Initiatives
The deadline for these submissions was August 24, and no new proposals can be made after this date, according to a commission spokesman. All submissions from Chinese automakers were received by the deadline, leaving no opportunity for resubmission after initial offers were rejected.
Potential Tariffs and Trade Discussions
The Commission has proposed a final tariff of up to 35.3% on Chinese-made EVs, in addition to the EU’s standard 10% car import tariff. EU member states are set to vote on these proposed duties on September 25, with potential implementation by the end of October.
Political Implications
While the proposed tariffs are expected to pass, concerns about possible Chinese retaliation on EU exports like pork and dairy products loom large. Chinese Trade Minister Wang Wenbao is currently in Europe to discuss the matter with EU trade chief Valdis Dombrovskis.
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Summary at glance
The EU is investigating anti-subsidy practices related to Chinese-made electric vehicles (EVs), with exporters having submitted minimum price agreements by the August 24 deadline. The Commission proposed tariffs of up to 35.3% on these vehicles, in addition to the standard 10% import tariff, pending a vote by the EU’s 27 members on September 25. Chinese Trade Minister Wang Wenbao is engaging with EU officials amid concerns over potential retaliation affecting EU exports.
Superfast News Coverage by DelhiBreakings.com team.
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