EU tariffs on China: a script written in Washington
Brussels is following the US’s lead in slapping punitive duties on China’s electric vehicles, sabotaging Europe’s climate goals and economic interests to appease Biden’s anti-Beijing crusade, writes CARLOS MARTINEZ
IN JUNE the EU notified Beijing that, following a nine-month investigation into alleged unfair state subsidies, it will impose new tariffs of up to 38 per cent on Chinese electric vehicles (EVs).
Given the existing 10 per cent tariff on car imports, this will mean Chinese EVs will be hit with tariffs of up to 48 per cent.
Germany, Sweden and Hungary have been vocal in opposing the move, with German Chancellor Olaf Scholz stating the obvious: “Isolation and illegal customs barriers ultimately just makes everything more expensive, and everyone poorer.”
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