Protectionist measures could backfire on EU carmakers
6 months ago

Protectionist measures could backfire on EU carmakers

China Daily  

JIN DING/CHINA DAILY Major Western economies are engaged in a race to hinder China's exports. But even if it doesn't, the Western economies' protectionist measures against Chinese exports will hurt Western companies which have manufacturing units in and export their products from China. As a matter of fact, no less than German Transportation Minister Volker Wissing expressed concerns over the tariffs, saying the EU's move will deal a blow to German companies and their products, adding that cars must become cheaper through more competition, open markets and significantly better business conditions in the EU, not through trade war and market isolation. But it won't do so because that could lead to a full-fledged trade war, which incidentally some Western leaders want as it would help them decouple their countries' economies with China's, resulting in losses for all economies, including the US, the EU, Japan and China.

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History of this topic

China-EU solution to tariff war coming soon
Top News
4 weeks, 1 day ago

China-EU solution to tariff war coming soon

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts …

China-EU solution to tariff war coming soon
Top News
4 weeks, 1 day ago

China-EU solution to tariff war coming soon

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-11-25 17:45 Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation …

Rising trade protectionism in the West disturbing
1 month, 3 weeks ago

Rising trade protectionism in the West disturbing

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. The European Commission's decision to impose countervailing duties on Chinese-made electric vehicles is the latest protectionist move by Western economies which once championed free trade, but not anymore. The US is much worse than the EU in this regard, as …

EU tariffs on Chinese EVs serving no one's interest
1 month, 3 weeks ago

EU tariffs on Chinese EVs serving no one's interest

China Daily  

People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct 14, 2024. Despite strong opposition from several member states, the European Commission has finalized its decision to levy tariffs on Chinese-made electric vehicles, which is a misguided trade protectionist measure hurting many but benefiting no one. The EU's …

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China
1 month, 3 weeks ago

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China

Firstpost  

The European Union (EU) has imposed tariffs of up to 45.3 per cent on Chinese-built electric vehicles to counter alleged subsidies. The new rates will take effect the following day and will apply to Chinese brands' share of the EU market, which is estimated to be 8 per cent from below 1 per cent in 2019. The EU's stance towards …

EU probe into China EV makers 'not transparent'
3 months, 4 weeks ago

EU probe into China EV makers 'not transparent'

China Daily  

Shi Yonghong, vice-president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, told China Daily in an exclusive interview that under the new Foreign Subsidies Regulation, the European Union will conduct in-depth investigations into local investments in industries that it suspects of receiving foreign subsidies. The battery electric vehicle companies will be very cautious …

China urges EU to avoid protectionist measures in biodiesel trade
4 months, 4 weeks ago

China urges EU to avoid protectionist measures in biodiesel trade

China Daily  

Worker recycles biofuel in Ningbo, Zhejiang province, June 4, 2024. China expressed deep concern over the European Union's protectionist stance within the biodiesel industry and urged the bloc to refrain from the hasty adoption of trade protectionist measures, the Ministry of Commerce said on Thursday. The European Commission, the executive arm of the EU, announced on July 19th the preliminary …

EU imposes tariffs of up to 38% on Chinese electric vehicles
5 months, 2 weeks ago

EU imposes tariffs of up to 38% on Chinese electric vehicles

Al Jazeera  

The European Union has imposed extra duties of up to 37.6 percent on imports of electric vehicles made in China, the bloc announced, despite Beijing’s warnings the move would unleash a trade war. The provisional duties of between 17.4 percent and 37.6 percent, without backdating, are designed to prevent what Commission President Ursula von der Leyen has said is a …

Tariffs expose multiple loopholes in EU rules
5 months, 3 weeks ago

Tariffs expose multiple loopholes in EU rules

China Daily  

People visit the 2024 Beijing International Automotive Exhibition in April. BEIJING — The European Commission's investigation into Chinese electric vehicles has exposed multiple loopholes in rules, business organizations and experts said. Serious flaws "There were serious flaws in the investigation process," said the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, an industry group representing …

EU, China head towards a ‘trade war’ over import tariff on electric vehicles
5 months, 4 weeks ago

EU, China head towards a ‘trade war’ over import tariff on electric vehicles

The Hindu  

The European Commission released this month its new tariff rates for battery-operated electric vehicles imported from China, which is being perceived as the start of a potential trade war between the European Union and China. The current EU tariffs on EVs have to be seen in that context,” said Mr. Campbell, noting that Brussels is naturally concerned about Chinese EV …

EU's EV tariff a political and economic gamble
5 months, 4 weeks ago

EU's EV tariff a political and economic gamble

China Daily  

JIN DING/CHINA DAILY Tariff impositions represent more than just economic conflicts; they embody political and diplomatic confrontations as well. Axiomatically, in June the European Commission announced provisional tariffs on electric vehicles imported from China, ranging from 17.4 percent to 38.1 percent, on top of the existing 10 percent tariff. The EU's motive behind announcing tariffs is clear: to protect its …

EU's EV tariff a political and economic gamble
5 months, 4 weeks ago

EU's EV tariff a political and economic gamble

China Daily  

JIN DING/CHINA DAILY Tariff impositions represent more than just economic conflicts; they embody political and diplomatic confrontations as well. Axiomatically, in June the European Commission announced provisional tariffs on electric vehicles imported from China, ranging from 17.4 percent to 38.1 percent, on top of the existing 10 percent tariff. The EU's motive behind announcing tariffs is clear: to protect its …

Protectionist measures could backfire on EU carmakers
6 months ago

Protectionist measures could backfire on EU carmakers

China Daily  

JIN DING/CHINA DAILY Major Western economies are engaged in a race to hinder China's exports. But even if it doesn't, the Western economies' protectionist measures against Chinese exports will hurt Western companies which have manufacturing units in and export their products from China. As a matter of fact, no less than German Transportation Minister Volker Wissing expressed concerns over the …

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
6 months ago

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

The Hindu  

The Chinese government is taking aim at European farmers, instead of German automakers, by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Chinese market is a major one for German automakers, and the head of the country's auto association, the VDA, described the …

China targets Europe’s farmers, and not its automakers, in response to EU tariffs on electric cars
6 months ago

China targets Europe’s farmers, and not its automakers, in response to EU tariffs on electric cars

Associated Press  

BEIJING — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. Olof Gill, a spokesperson on trade for the European Commission, told journalists in Brussels that EU farm subsidies “are strictly …

European and Chinese carmakers slate tariffs
6 months, 1 week ago

European and Chinese carmakers slate tariffs

China Daily  

A ro-ro ship carrying Chery vehicles is set to travel to overseas markets from a port in Wuhu, Anhui province, in May. The move, which Brussels said is to prevent "economic injury to EU battery electric vehicle producers", immediately sparked opposition from European carmakers and trade associations. The European Automobile Manufacturers' Association, which is known as ACEA, said: "Free and …

EU urged to rectify protectionist practices
6 months, 1 week ago

EU urged to rectify protectionist practices

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China, in response to the European Union's decision to impose additional tariffs on Chinese-made battery electric vehicles, will take all necessary actions to safeguard the legitimate rights of Chinese companies, the Ministry of Commerce said on Thursday, which has led analysts to say retaliatory …

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe
6 months, 1 week ago

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

Associated Press  

BEIJING — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. “It’s a little bit like seeing a slow motion traffic accident unfolding,” Jens Eskelund, the president of the European Chamber of Commerce in China said earlier this year. He called on the EU to “correct its wrong …

Politicized protection hurts cooperation: China Daily editorial
6 months, 1 week ago

Politicized protection hurts cooperation: China Daily editorial

China Daily  

Geely's electric vehicle brand Zeekr showcases its models at the 2024 Beijing International Automotive Exhibition, April 25. Slammed by China's Commerce Ministry as a "naked protectionist act" that creates and escalates trade frictions by "destroying fair competition" in the name of "maintaining fair competition", the European Union is imposing anti-subsidy tariffs of up to 38.1 percent on electric vehicles shipped …

The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat
6 months, 1 week ago

The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat

Deccan Chronicle  

BRUSSELS: The European Union threatened Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU's executive arm, said it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the …

The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat
6 months, 1 week ago

The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat

Associated Press  

BRUSSELS — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU’s executive arm, said it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from …

Official: EU antisubsidy probe type of protectionism
6 months, 2 weeks ago

Official: EU antisubsidy probe type of protectionism

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. Restricting open competition in new energy products and technologies will lead to a regression in the European Union's green transition and dampen the confidence of Chinese companies in investing in the EU, said a senior Chinese commerce official in Poland. During his …

EU's protectionist moves compliance with decoupling design of Washington: China Daily editorial
6 months, 3 weeks ago

EU's protectionist moves compliance with decoupling design of Washington: China Daily editorial

China Daily  

Of the top 25 auto brands, all but three are European. It might therefore seem reasonable that European Commission President Ursula von der Leyen should have announced last September the launch of an anti-subsidy investigation into Chinese-made EVs exported to Europe, on the grounds that with the support of state subsidies China has been flooding the continent with its "overcapacity". …

China says EU probe into Chinese electric vehicle exports, subsidies is protectionist
1 year, 3 months ago

China says EU probe into Chinese electric vehicle exports, subsidies is protectionist

Associated Press  

HONG KONG — China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply chain. “It’s naked protectionist behavior that will seriously disrupt and distort the global automotive industrial chain and supply chain including the European Union, and will have …

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