China meets automakers to talk about import tariffs on large cars prior to EU tariff vote: Report
On Wednesday, China retaliated by saying that it had broadened its investigations into imported EU products by adding an anti-subsidy probe of several cheese cheese, cream goods and milk to anti-dumping checks on pork and brandy, the newswire reported.
China's commerce ministry engaged with automakers and industry bodies on Friday to deliberate on increasing import tariffs on large engined gasoline vehicles. This comes against the backdrop of the European Union nearing a decision on tariffs on Chinese electric cars, Reuters reported.
The European Union is slated to vote in October on adopting additional duties of up to 36.3% on electric vehicles made in China. This is on top of the standard 10% import tariff, the newswire reported.
EU on Tuesday revised down its proposed duties from the 37.6% rate set in July, but did not abandon them.
On Wednesday, China retaliated by saying that it had broadened its investigations into imported EU products by adding an anti-subsidy probe of several cheese cheese, cream goods and milk to anti-dumping checks on pork and brandy, the newswire reported.
Giving a statement on Friday, the Commerce Ministry noted that officials had "heard the opinions and suggestions of industry and experts on increasing import tariffs on fuel powered cars with large displacement engines."
RELATED ARTICLES
BMW Group sells 294,054 BEVs in first nine months of 2024, up 19%
Between January and September, BMW brand sales of fully-electric models rose by 22.6% to 266,151 vehicles. The MINI bran...
Hyundai Mobis unveils 65 new technologies for EVs, electronics, safety
The company’s 2024 R&D Tech Day featured seven themes and presented 65 key technologies in sectors such as electrificati...
Hyundai Motor Group and Singapore ink collaboration for sustainable energy solutions
Hyundai Motor Group and Nanyang Technological University, Singapore collaborate in the field of hydrogen energy and adva...