The European Commission announced on Wednesday its intention to impose additional tariffs of up to 38.1 percent on electric vehicle (EV) imports from China starting next month. The move follows an anti-subsidy probe into Chinese EV manufacturers, aiming to protect the European automotive industry from what the Commission describes as unfair competition.
However, industry experts warn that the new tariffs could have unintended consequences for both Europe and China. By increasing the cost of Chinese EVs, European consumers may face higher prices and fewer choices in the rapidly growing electric vehicle market. Moreover, Chinese EV manufacturers have become key players in the global supply chain, and disrupting this relationship could hinder the advancement of EV technology worldwide.
“Imposing such tariffs could harm Sino-European economic cooperation and destabilize the global automotive supply chain,” said Guan Xin, anchor at CGTN. “Ultimately, it may damage Europe’s own interests by impeding access to affordable and innovative electric vehicles.”
The Chinese Ministry of Commerce has expressed serious concerns over the proposed tariffs, urging the European Union to consider the broader implications for international trade and the global transition to sustainable transportation.
European automakers, while supportive of measures to ensure fair competition, are also cautious about potential retaliation that could affect their own exports to China, one of the world’s largest automotive markets. Analysts suggest that collaborative efforts rather than punitive measures would better serve the interests of both regions.
As the debate continues, stakeholders on both sides are calling for dialogue to find mutually beneficial solutions that support the development of the EV industry and contribute to global efforts against climate change.
Reference(s):
New EV tariffs could result in lose situation for Europe and China
cgtn.com
