EU tariffs on China-made EVs has enough support to pass
The European Union member states are set to vote on imposing tariffs for China-made electric vehicle (EV) imports on Friday, October 4, 2024. The Commission reportedly has enough support from EU member states to implement the tariffs on Chinese EV imports.
France, Greece, Italy, and Poland are expected to vote in favor of the tariffs on EV imports from China. Italy has held fast to its thoughts on the pending tariffs. Even after talks with China’s Ministry of Commerce, Italy remained steadfast. In comparison, Spain was persuaded to change its stance.
France, Greece, Italy, and Poland’s votes will represent 39% of the EU population, giving the tariff’s implantation a good chance of passing. If the Commission’s tariffs on China-made EV imports pass the EU vote, they will be imposed for the next five years. According to EU rules, a qualified majority of 15 member states—representing 65%—of the EU’s population must vote against the tariffs to prevent their implementation.
On the opposite end of the vote is Germany—one of Europe’s major car producers. Its choice is still up in the air. However, Germany has spoken out against imposing the tariffs.
“I am not a fan of countervailing duties because this will likely lead to countermeasures and involve us in a tariff dispute, perhaps a tariff war, with China,” German Economy Minister Robert Habeck said. “I am working to find a political solution that will not drive us into a tariff war with China.”
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The post EU tariffs on China-made EVs has enough support to pass appeared first on TESLARATI.
Source: https://www.teslarati.com/eu-tariffs-china-made-evs/
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