Loading...
Market
What will be the outcome of the EU's anti-subsidy investigation into Chinese EVs by October 31, 2024?
2
Resolution / Starting Odds
Tariffs remain unchanged • 25%
Tariffs are increased • 25%
Tariffs are decreased • 25%
Tariffs are removed • 25%
Official announcement from the European Commission
Story
EU Imposes Provisional Tariffs on Chinese EVs Amid Trade Dispute Effective October 2023
Jul 5, 2024, 02:10 AM
The European Union has taken steps to impose heavy tariffs on Chinese electric vehicles (EVs), escalating a trade dispute with China. The European Commission has initiated an anti-subsidy investigation and imposed provisional countervailing duties on imports of battery electric vehicles from China, effective from October 2023. These tariffs are set to be finalized in October. The German Association of the Automotive Industry has expressed concerns that these tariffs will hinder the ramp-up of electromobility and decarbonization efforts, negatively impacting both European consumers and companies. Chinese brands such as MG and Nio are considering raising car prices in Europe in response to the tariffs. In a related move, China's Ministry of Commerce has announced an anti-dumping investigation into European brandy imports, with a hearing scheduled for July 18.
View original story
Similar markets
No action taken • 25%
Tariffs imposed • 25%
Subsidies reduced • 25%
Other actions • 25%
No Action Taken • 33%
Sanctions Imposed • 33%
Tariffs Imposed • 33%
Yes • 50%
No • 50%
Definitive duties imposed • 25%
No action taken • 25%
Resolution reached without duties • 25%
Investigation extended • 25%
Impose own tariffs • 25%
Seek compromise • 25%
No action • 25%
Other measures • 25%
In favor of China • 25%
In favor of EU • 25%
Compromise reached • 25%
No resolution • 25%
Agreement with no tariffs • 25%
Agreement with reduced tariffs • 25%
No agreement reached • 25%
Tariffs remain at 45% • 25%
WTO rules in favor of EU • 25%
WTO rules in favor of China • 25%
WTO recommends further investigation • 25%
Case dismissed • 25%
No action taken • 25%
Trade restrictions imposed • 25%
Negotiations initiated • 25%
Other actions • 25%
48% tariffs imposed • 33%
Reduced tariffs imposed • 33%
No tariffs imposed • 33%
Measures made permanent • 25%
Measures revoked • 25%
Measures extended • 25%
Other outcome • 25%