Official records from the World Trade Organization or major news outlets

EU Imposes 45% Tariffs on Chinese EVs, China Retaliates with 30.6%-39% Brandy Tariffs

Oct 8, 2024, 05:49 AM

The European Union has voted to impose tariffs of up to 45% on electric vehicles imported from China, aiming to protect its domestic EV industry. This move has been met with criticism from various quarters, including business leaders and scholars, who argue that it could harm EU economies and stifle technological advancement. In response, China has announced provisional tariffs ranging from 30.6% to 39% on European brandy, escalating the trade dispute. The Chinese Ministry of Commerce stated that these measures are intended to defend Chinese company interests. The European Commission has pledged to challenge China's anti-dumping measures at the World Trade Organization. The German auto industry, heavily reliant on the Chinese market, has voiced strong objections to the EU's tariffs, fearing significant economic repercussions. Additionally, Tesla is likely to benefit from these tariffs as the US has also imposed high tariffs on Chinese EVs.