Europe car makers that build models in China hit with new 31% import tariffs

European car makers which build EVs in China and import them back to the continent will be hit with 21% additional duty taxes by the EU. Announced yesterday by the European Commission, these new tariffs, which could go as high as 38.1% for some Chinese car makers, are aimed at levelling Europe's automotive playing field. These new taxes would be on top of the existing 10% import tariff. Related articles As well as penalising those Chinese manufacturers that are undercutting local rivals thanks to healthy government subsidies, the Commission is also hitting those – such as Mercedes-Benz, BMW, and Renault – which have moved some production from Europe to China, where labour rates are cheaper.

Jun 13, 2024 - 05:50
Europe car makers that build models in China hit with new 31% import tariffs
Publicidade (DT/EN)
Publicidade (DT/EN)
European car makers which build EVs in China and import them back to the continent will be hit with 21% additional duty taxes by the EU. Announced yesterday by the European Commission, these new tariffs, which could go as high as 38.1% for some Chinese c >>>

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Source: Autocar (Read More)