ramin rahimian’s Post

☝️Positioning Continues: EU Adjusts Proposed Tariffs on Chinese EVs 👉 The European Union has slightly revised its proposed tariffs on electric vehicles imported from China following discussions with affected companies. Key updates include: MG: 37.6% (reduced from 38.1%) Geely (Volvo/Polestar): 19.9% (down from 20%) Other cooperative manufacturers: 20.8% Non-cooperative companies: Additional 37.6% BYD: Unchanged at 17.4% 🔎 Provisional tariffs are set to be implemented on July 4, with definitive duties expected by November. Tesla may receive an individually calculated rate at the final stage. 📃 China has warned of potential retaliation, including targeted probes on pork imports and EU spirits. Beijing has also suggested it might impose measures on agricultural goods, aviation, and large-engine vehicles. 🙋♂️ Some automakers and EU member states, notably Germany, are advocating for negotiations between the EU and China. The EU maintains that any solution must adhere to World Trade Organization rules and address underlying issues. 🤔 These developments highlight the complex interplay between trade policy, industrial strategy, and international relations in the rapidly evolving EV market. Read more at https://lnkd.in/eGGGra-u #EVTariffs #EUChina #TradePolicy

The EU has revised its proposed tariffs on Chinese EVs… but only in the slightest A new report states that the European Union has slightly tweaked its proposed tariffs on imported EVs from certain Chinese automakers after those companies divulged more details of their businesses. The tariff cuts are marginal but could offer a shred of hope that the EU is still willing to negotiate said duties before they are https://lnkd.in/g9AbBYJJ

The European Union informed Beijing about the hike in tariffs on electric vehicles imported from China, potentially paving a way to trade war. Following the tariff implementation, Chinese manufacturers have to pay additional tariffs of 17.4 percent and 38.1 percent on top of existing 10 percent, pushing the overall tariffs to around 48 percent, the European Commission said. The announcement follows the agency's investigation into whether China's state support to car manufacturers has allowed them to sell EVs at a lower price compared to European carmakers. The nine-month investigation, launched in October, found that the EV industry in China "benefits from unfair subsidization, which is causing a threat of economic injury." read more....👇 #rttnews #tradewar #euhikesimporttariffs #euimposesextrachargesonchinesecars #additionaldutyonchineseevimports #europeanunion #europeancommission #evindustryinchina #chinasubsidiesforevmakers

China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters https://ift.tt/mj2SCsW SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into Chinese subsidies, but that the investigation ignored pre-determined facts and findings. The European Union imposed tariffs of up to 37.6% on imports of Chinese-made electric cars starting Friday, with a four-month temporary period during which the duties will remain in place and intense talks expected between the two sides. CAAM said it “deeply regrets this and considers it completely unacceptable.” The provisional tariffs, ranging from 17.4% to 37.6% with no retrospective date, aim to prevent what European Commission President Ursula von der Leyen has described as a threatening flood of cheap Chinese electric vehicles built with state support. The EU’s anti-subsidy investigation is set to last around four months. The post China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters first appeared on Investorempires.com. via Investorempires.com https://ift.tt/4pr8P9i July 06, 2024 at 09:51AM

EU decided to apply tariffs on EV coming from China. What does it mean? 🔋 You may have come across the news about the recent tariffs that the European Union decided to impose on electric vehicles from Chinese manufacturers last week. The reality is that these tariffs may not be enough to slow down the increasing demand for these vehicles. Here’s a quick recap of the new tariffs for leading Chinese OEMs: - BYD: 17.5%; - Geely Global: 20%; - SAIC: 38%. To put things into perspective, in the United States, these manufacturers are facing tariffs of up to 100%, similar to other Chinese EV 📈 Given the substantial support these OEMs receive from the Chinese government, an average tariff of 25% might seem modest. It's not my intention to take a political position here, but it's clear that this decision was made to avoid tensions with China. Ideally, these manufacturers will invest in Europe in the future, rather than just flooding the market with low-cost products backed by Chinese government subsidies, which have a significantly lower production cost compared to manufacturing in Europe. Still, this will not be a balanced race in which competition will be driven by innovation. And still, with these boundaries, will be difficult to ensure a robust and sustainable automotive industry in Europe. #AutomotiveIndustry #ElectricVehicles #EV

EU tariffs on Chinese electric cars are set to take effect tomorrow. Chinese EV maker BYD will face tariffs of 17.4 per cent, Geely 19,9 percent, and SAIC 37.6 percent. This comes on top of an existing general tariff of 10 per cent for imported EVs, meaning SAIC vehicles will be a total of 47,6 per cent more expensive to bring into the European market. In an interview with The Parliament, Matthias Bauer, director at the European Centre for International Political Economy (ECIPE), outlines what implications these tariffs will have for the European market – and weighs in on the prospect of a broader trade war between China and the West. https://bit.ly/4eYUJUj

Do EU’s unfair and discriminatory tariffs on Chinese EVs might trigger EU-China trade war?! Giant automakers of Germany are worried that China might impose the same tariffs on them since their majority vehicles are equipped with gasoline engines in the Chinese market. #eu #china #electrification #tariffs #mobility #news #recruitment #jobsearch #linchpinconsulting

The European Commission's expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world's biggest EV industry. The provisional tariffs, expected to be announced shortly, will be a sticker shock representing billions of dollars in new costs for Chinese electric car makers to be paid by EU citizens. But both Europe and China have reasons for wanting to strike a deal. China, of course, wants to sell cars. But the EU is concerned that China may react against European made automobiles. Volkswagon, Mercedes, and the BMW Group sell more vehicles in China than in the entirety of the EU. The EU will establish a tariff, but they cannot be as bold as the 100% that the U.S. foolishly established.

The EU is pushing ahead with Chinese EV tariffs despite warnings from Germany that it could trigger a trade war. And the tariffs are set to bring in more than €2 billion a year. Hungary & Sweden have disagreed on the move fearing geopolitical tensions. The European Commission will notify carmakers about the new tariffs on imported EVs from China. And according to people familiar with the matter, tariffs could go up to 38%. China is already applying a 15% tariff on European EVs. According to Rhodium Group, last year over €10 billion worth of EVs were exported from China into the bloc. It is expected companies like BYD & Tesla will be affected with the new tariffs. #evs #china #electricvehicles #euroarea #eurozone #tariffs #taxes #tradewar #geopolitics

𝐄𝐔 𝐭𝐨 𝐢𝐦𝐩𝐨𝐬𝐞 𝐬𝐭𝐞𝐞𝐩 𝐭𝐚𝐫𝐢𝐟𝐟𝐬 𝐨𝐧 𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐄𝐕𝐬 Talks between the European Union (EU) and China have been ongoing for the past week, the former having undertaken a nine-month investigation into what it says are excessive and unfair subsidies for the Chinese auto market. The European Commission confirmed that it would introduce provisional duties on EVs produced in China ranging from 17.4 percent to 38.1 percent, on top of the standard 10 percent tariff for car imports, effective July 5, 2024. “The EU side has emphasised that any negotiated outcome of the investigation must be effective in addressing the injurious subsidisation,” a commission spokesperson said. Beijing has rejected the accusation, instead citing technological advances and industry supply chains as the cause of its booming automobile output. China has repeatedly called on the EU to cancel the proposed tariffs, and hinted that retaliatory tariffs beyond the automotive sector could follow. Aside from a decrease in automotive shipments from China to Europe, tariffs could also prove the catalyst for more Chinese car manufacturers to set up shop in Europe, like BYD in Hungary.