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EUROPA PRESS
Martes, 29 de octubre 2024, 22:50
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The European Union will definitively impose tariffs on Chinese electric cars starting this Wednesday. These tariffs were provisionally introduced last July for a period of five years after confirming the harm to the European industry caused by Beijing's illegal subsidies to its producers.
"The aim is to achieve fair competition and a level playing field, and this principle has guided our actions," EU sources defended on Tuesday. They assert that this measure has been taken "to offset the subsidies granted to Chinese producers," although the EU hopes that trade "will continue to flow, but at a fair level" . "We believe these tariffs will positively impact our industry to facilitate the green transition," they added.
Brussels took the first step in the summer to apply a levy of up to 35.3% on Chinese battery electric vehicles to counteract Beijing's illegal aid, which allowed Asian giant manufacturers to produce at much lower prices than their European rivals.
Now that the formal process has concluded, the new tariffs, which add to the 10% already applied by the EU on car imports and, therefore, will raise tariffs up to 45.3% for some manufacturers, will take effect this Wednesday, following their publication in the EU Official Journal (DOUE) the day before, although their application was initially expected from Thursday.
Specifically, the final proposal slightly revises some of the percentages to be imposed, with SAIC - the country's largest manufacturer - and non-cooperating producers as the affected parties, with a levy of 35.3% (compared to the initial 36.6%).
They are followed by Geely with 18.8%, BYD with 17%, and Tesla with 7.8% (compared to the initially estimated 9%). Additionally, a 20.7% tariff will be imposed on other companies that have cooperated in the investigation.
In any case, Brussels insists that technical dialogue remains open on price commitments with Chinese authorities to seek an "alternative" solution, and EU sources have explained that, if an agreement is reached, tariffs can be suspended with those producers who agree to the conditions.
Generally, the levy has a five-year application, although it can be suspended in case of an agreement. In this regard, the same sources indicate that the "final impact of the tariffs will depend on the Chinese authorities."
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