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EU plans punitive tariffs of up to 30 per cent on electric cars from China
As the US government has now opted to introduce trade tariffs for electric vehicles from China, Europe is considering the same. Whether any of the efforts of the trade war will be beneficial to customers still remains to be seen, however.
According to von der Leyen, there is a threat of a flood of state-subsidised electric cars and thus an artificial distortion of the market to the disadvantage of domestic manufacturers. In April, the EU Commission complained that BYD, SAIC and Geely, i.e. the particularly large players, had not sufficiently answered several questions about transparency regarding subsidies or supply chains. “We would be cutting our own flesh,” Jandura told Redaktionsnetzwerk Deutschland on Tuesday, because there would not be “a single car in the EU without parts from China.” The losers of protectionism would ultimately be the consumers as well as the companies.
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