Tariffs will be imposed by October 31 for five years, following the closed-door vote of the bloc’s 27 member states. The vote was triggered by an anti-subsidy investigation, which found that Chinese-made EVs were distorting the European market.
The European Commission said it had “obtained the necessary support from EU member states for the adoption of tariffs”.
It marks a victory for commission chief Ursula von der Leyen who, backed by France, had pushed for a crackdown on what she has described as a “flood” of cut-price, subsidised EVs from China into the EU market.It will be a bitter pill to swallow for Beijing. It had – along with Germany – lobbied fiercely against the tariffs, and challenged them at the World Trade Organization. China has also launched a series of retaliatory trade investigations.
The Chinese Ministry of Commerce slammed the decision, adding that “China will take all measures to firmly safeguard the interests of Chinese companies”.
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Publish date : 2024-10-04 13:24:00
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