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Trade Tariffs: Difference between revisions
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=== <big>Europe</big> === | === <big>Europe</big> === | ||
==== May 21, 2024 ==== | |||
[[File:Screenshot 2024-05-28 131741.png|center|thumb|412x412px|https://www.bloomberg.com/news/articles/2024-05-21/china-may-raise-tariffs-on-some-us-eu-cars-lobby-group-says]] | |||
The European Commission, the EU executive’s arm, said this week it has found “sufficient evidence” that the imports of new battery electric vehicles from China received subsidies including direct transfer of funds, tax breaks, or public provision of good or services below market prices.<ref>https://www.bloomberg.com/news/articles/2024-03-06/eu-moves-toward-hitting-china-with-tariffs-on-electric-vehicles</ref> | |||
As a result, the commission has instructed customs authorities to start registering the import of the electric vehicles from China so they may be subject to the countervailing duties decided at the end of the investigation retroactively from this date to repair the injury already caused. | |||
The EU inquiry doesn’t name specific producers, but the probe will focus on all manufacturers in China that export to the EU, including Tesla and major Chinese brands such as BYD Co., SAIC Motor Corp. and Nio Inc. | |||
[[File:Screenshot 2024-05-28 131603.png|center|thumb|572x572px|https://www.bloomberg.com/news/articles/2024-03-06/eu-moves-toward-hitting-china-with-tariffs-on-electric-vehicles]] | |||
[[File:Screenshot 2024-05-28 131731.png|center|thumb|565x565px|https://www.bloomberg.com/news/articles/2024-03-06/eu-moves-toward-hitting-china-with-tariffs-on-electric-vehicles]] | |||
== References == | == References == | ||