Featured EU set to allow possible retroactive tariffs for Chinese EVs

AndersOne · Mar 6, 2024

https://www.reuters.com/business/autos-transportation/eu-set-allow-possible-retroactive-tariffs-chinese-evs-2024-03-05/

BRUSSELS, March 6 (Reuters) - The European Commission will start customs registration of Chinese electric vehicle (EV) imports on Thursday, meaning they could be hit by tariffs from that point if the EU's trade investigation later concludes that they are receiving unfair subsidies.
The Commission is carrying out an anti-subsidy investigation into Chinese battery EVs to determine whether to impose tariffs to protect EU producers. The probe is due to conclude by November, although the EU could impose provisional duties in July.

In a document published on Tuesday, the Commission said it had sufficient evidence tending to show Chinese EVs were being subsidised and that imports had increased by 14% year-on-year since the investigation was formally launched in October.
It said EU producers could suffer harm, which would be difficult to repair, if Chinese imports continued at this accelerated rate before the conclusion of the investigation.

The China Chamber of Commerce to the EU said that it was disappointed by the move and that the surge of imports reflected increasing European demand for electric vehicles.
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Very interesting whats going to happen this year.

bisco · Mar 6, 2024

This comes as a surprise, yes?

bwilson4web · Mar 6, 2024

How is a retroactive tariff applied?

Poliz: KNOCK KNOCK KNOCK.
Herr Schmidt, "Coming, Wass ist going on?"
Poliz: "Vee are here to collect the tariff you did not pay!"
Herr Schmidt, "VOTT?"
Poliz: "Yah! Das Chinese EV car you bought."
Herr Schmidt, "OK, here are the keys. Who is our Prime Minister and his party?"

Bob Wilson

AndersOne · Mar 7, 2024

Yeah not sure why they call it retroactive in the headline and provisional in the text.

Not the first time though:
Resolving the EU-China solar panels trade dispute : China-EU School of Law : Universität Hamburg

Unfortunately we all know how it played out for the European solar panel industry.

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