EU to introduce potential retroactive tariffs on Chinese EVs

Green Forum
The European Commission initiated customs registration procedures for imports of Chinese electric vehicles (EVs), paving the way for possible tariffs if the ongoing EU trade investigation determines that these imports benefit from unfair subsidies.

The Commission's investigation focuses on assessing subsidies received by Chinese battery EVs and aims to safeguard EU producers through potential tariff measures. While the investigation is slated for completion by November, provisional duties could be enforced as early as July.

Citing a notable 14% year-on-year increase in imports since the investigation commenced formally in October, the Commission asserts it possesses compelling evidence indicating subsidization of Chinese EVs. It warns of potential harm to EU producers, which may prove challenging to mitigate, should the accelerated pace of Chinese imports persist before the investigation's conclusion.

In response, the China Chamber of Commerce to the EU expressed disappointment, contending that the surge in imports mirrors the growing demand for electric vehicles within Europe.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
How to embed ESG principles into corporate culture?
Business

How to embed ESG principles into corporate culture?

It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.

Mobility

NXP secures €1 billion EIB loan for innovation

NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.

READ MORE
Green Forum  |  16 January, 2025 at 9:00 PM
Green Forum  |  16 January, 2025 at 8:00 PM