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World Business Report: First broadcast 12/06/2024 14:32 GMT : EU set import tariffs of up to 38% on Chinese EVs

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EU set import tariffs of up to 38% on Chinese EVs

First broadcast 12/06/2024 14:32 GMT 

First broadcast 12/06/2024 14:32 GMT : EU set import tariffs of up to 38% on Chinese EVs

BBC World Service - World Business Report, EU set import tariffs of up to 38% on Chinese EVs

The move triggering duties of more than €2bn a year and a potential trade war with China

With China accused of selling electric cars at artificially low prices, the European Union invented new import tariffs.

The EU invented new import tariffs - up to 38% on Chinese electric vehicles triggering a potential trade war with China. With Chinese car makers having plenty of surplus capacity and moving into international markets, the EU lawmakers fear their own companies will be unable to compete. They claim hefty subsidies for domestic production allow Chinese firms to keep prices at a level other firms will struggle to match.

Also, in the programme, Will Bain talks about Ukrainian reconstruction conference in Berlin. 

(Picture: Nio's Onvo L60 SUV in Shanghai. Picture credit: Reuters)

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First broadcast 12/06/2024 14:32 GMT : EU set import tariffs of up to 38% on Chinese EVs

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