Tag: Tariffs

EU tariffs on China not a ‘punishment’, says German economy minister

BEIJING (Reuters) -Proposed European Union tariffs on Chinese goods are not a “punishment”, Germany’s Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck’s visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers […]

China protests over EU move to hike tariffs on Chinese electric vehicles

BEIJING (AP) — China’s Commerce Ministry on Thursday accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%. Ministry spokesman He Yadong said the European side had demanded excessive amounts of information from Chinese automakers and then […]

Chinese car companies want retaliatory tariffs on EU cars – reports

Chinese automakers have reportedly urged Beijing to hike tariffs on petrol engine cars imported from the EU, according to a Chinese newspaper report. The move would be in response to new planned EU import tariffs applying to Chinese made electric vehicles – which a Brussels probe has concluded benefit from anti-competitive subsidies. A response by […]

Chinese automakers seek retaliatory tariffs on EU cars, state media reports

By Joe Cash and Zoey Zhang BEIJING (Reuters) – Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels’ curbs on Chinese EV exports, the state-backed Global Times newspaper said on Wednesday. In a closed-door meeting on Tuesday also attended by European car companies, China’s auto industry “called […]

U.S. tariffs on Chinese goods demonstrate free trade myth

U.S. president Joe Biden raised tariffs on Chinese-made goods sharply in May, claiming that the “Chinese government has cheated by pouring money into Chinese companies … hurting competitors who play by the rules.” The tariffs are 25% on steel and aluminium, 50% on semiconductors and solar panels, and 100% on electric vehicles. Under Biden’s presidency […]

China probes EU food imports after threat of tariffs on electric cars

China has launched an investigation into illegal subsidies relating to imports of pork and dairy products from the European Union, the Trade Ministry in Beijing announced on Monday. The anti-dumping probe is seen as a response to punitive tariffs the EU is considering on electric vehicles imported from China, following an EU investigation into subsidies […]

China probes European pork prices after EU hikes tariffs on its electric cars

Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China. The move risks escalating tension in one of the world’s biggest trading relationships and will heighten fears among EU exporters that Beijing could go after […]

China probes EU food imports after threat of tariffs on electric cars

China has launched an investigation into illegal subsidies relating to the importing of pork and dairy products from the European Union, the Trade Ministry in Beijing announced on Monday. The anti-dumping probe is being seen as a response to the punitive tariffs the EU is considering on electric vehicles imported from China, following an EU […]

China urges EU to reverse EV tariffs, Chery undeterred

By Liz Lee, Laurie Chen and Nick Carey BEIJING (Reuters) -Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country’s top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year. The reaction from China and others embroiled […]

Europe Needs More Cheap EVs. Tariffs Will Keep Prices High

(Bloomberg) — The European Union needs more and cheaper electric vehicles. Brussels’ decision to impose new tariffs on Chinese-made models will keep prices higher for longer, and act as a deterrent to sales. Most Read from Bloomberg The bloc waded into a messy battle over global EV trade on Wednesday, announcing that it will hike […]