Europe car makers that build models in China hit with new 31% import tariffs - Autocar

3 mins read

13 June 2024

European car makers that build EVs in China and import them back to the continent will be hit with 21% additional duty taxes by the EU.

Announced yesterday by the European Commission, these new tariffs, which could go as high as 38.1% for some Chinese car makers, are aimed at levelling Europe's automotive playing field.

The new taxes are on top of the existing 10% import tariff.

As well as penalising Chinese manufacturers that are undercutting local rivals with the help of government subsidies, the European Commission is also hitting firms – such as Mercedes-Benz, BMW and Renault – that have moved some production from Europe to China, where labour rates are cheaper.

Adblock test (Why?)

https://news.google.com/rss/articles/CBMifGh0dHBzOi8vd3d3LmF1dG9jYXIuY28udWsvY2FyLW5ld3MvYnVzaW5lc3MtZWxlY3RyaWMtdmVoaWNsZXMvZXVyb3BlLWNhci1tYWtlcnMtYnVpbGQtbW9kZWxzLWNoaW5hLWhpdC1uZXctMzEtaW1wb3J0LXRhcmlmZnPSAQA?oc=5

2024-06-13 08:51:28Z
CBMifGh0dHBzOi8vd3d3LmF1dG9jYXIuY28udWsvY2FyLW5ld3MvYnVzaW5lc3MtZWxlY3RyaWMtdmVoaWNsZXMvZXVyb3BlLWNhci1tYWtlcnMtYnVpbGQtbW9kZWxzLWNoaW5hLWhpdC1uZXctMzEtaW1wb3J0LXRhcmlmZnPSAQA