EU tariffs on Chinese electric cars will come into force this Wednesday

In the summer, Brussels took the first step towards submitting an application. tax up to 35.3% on Chinese battery electric vehicles to offset illegal aid from Beijing that allowed the Asian giant’s manufacturers to produce products at much lower prices than their European competitors.

Now that the formal process has been completed, the new tariffs will add to the 10% the EU already applies to car imports and will therefore increase tariffs. up to 45.3% For some manufacturers they will come into force this Wednesday, after being published yesterday in the Official Journal of the EU (OJEU), although their application was originally planned for Thursday.

In particular, the last sentence reconsider some percentages a bit it will impose a tax of 35.3% (up from the original 36.6%) on SAIC – the country’s largest manufacturer – and non-cooperating manufacturers.

They follow him Geely with 18.8%, BYD with 17% and Tesla with 7.8%. (up from initial estimates of 9%). In addition, 20.7% will be imposed on the remaining companies that cooperated in the investigation.

In any case, Brussels insists that the technical dialogue on price commitments with the Chinese authorities remains open. “alternative” solution Community sources explained that if an agreement is reached, tariffs could be suspended for those producers who accept the agreed terms.

In general, the collateral has application for five years, although if agreed it may be suspended. In this regard, the same sources note that “the final impact of the tariffs will depend on the Chinese authorities.”