Chinese Trade Wars – EU Adds High Tariffs on EV Imports

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The European Union will increase tariffs on Chinese EV imports from ~17 to 38% if they come from BYD, Geely or SAIC. The move mirrors the Biden Administration’s imposition of 100% tariffs on Chinese made EVs last month. (AutoInformed on: Chinese EV Trade War Commences)* This is in addition to existing 10% tariffs and take effect on 4 July. Other automakers – many of them European – that are building  EVs in China – will see tariffs ranging from 21% or 38% the EU said. Many European companies have factories or joint ventures in China of course. China has said it will retaliate.

“Fair competition is good,” Ursula von der Leyen, European Commission President, recently said. “What we don’t like is when China floods our market with massively subsidized electric cars. And we have to tackle this, we have to protect our industry,” said von der Leyen. Like covid, trade wars with China, which has extremely competitive EV technologies and vehicles, are now a pandemic. The tariffs are subject to revision. And lobbying…

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