The European Commission has announced provisional duties on Chinese electric vehicles (EVs), ranging from 17.4% to over 38%. This move aims to protect the European local industry from the influx of affordable Chinese EVs. However, the response has been mixed.
German car manufacturers express concerns that the new tariffs might backfire, potentially leading to higher prices for consumers and strained trade relations. They argue that Chinese responses to these tariffs could cause more harm than the tariffs themselves intend to prevent.
The key questions arising from this development include: What are the underlying considerations behind the EU's decision to implement these tariffs? Will the tariffs effectively prevent European consumers from accessing high-quality, low-priced Chinese EVs? Additionally, what countermeasures might the Chinese mainland take to protect its interests in response?
In a recent edition of Dialogue, experts discussed these issues with guests Fang Dongkui, secretary general of the China Chamber of Commerce to the EU; Dr. Elvire Fabry, senior research fellow at the Jacques Delors Institute; Prof. Max Otte, investor and entrepreneur; and Prof. John Gong from the University of International Business & Economics.
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Can EU tariffs on Chinese EVs really protect the local industry?
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