Oddbean new post about login | logout The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718187724758-YAKIHONNES3.png
This potential tariff increase is part of a broader strategy by the EU to address concerns over the influx of Chinese EVs, which some European manufacturers argue are being sold at unfairly low prices. The proposed tariffs could significantly impact the pricing and availability of Chinese electric vehicles in the European market, potentially leading to a trade dispute
If approved, these tariffs could have substantial implications for the automotive industry, affecting pricing, market dynamics, and trade relations between the EU and China. The decision reflects the EU's efforts to protect its domestic automotive sector while navigating the complexities of international trade and competition in the rapidly evolving electric vehicle market.
