euchina
Germany could be trying to stop the European Union from putting increased tariffs on Chinese electric vehicles (EVs), that are reportedly due to come into force on 4 July, or at the very least, water them down. The European Union has recently revealed that it could implement tariffs of up to 38.1% on Chinese EV makers. This is following an investigation launched by the EU into several manufacturers, following claims that the Chinese government had heavily subsidised them. This allowed the manufacturers to sell their vehicles at vastly reduced prices in the EU. Chinese EV manufacturers such as ...
Euronews (English)
The European Union (EU) has recently revealed that it has provisionally concluded that it would be applying tariffs to Chinese electric vehicles (EVs) of up to 38.1%. This is in order to curb the flood of much cheaper Chinese electric vehicles that are being imported into the EU, which in turn is posing a competition threat to European-made EVs. The main Chinese automakers which could potentially face increased tariffs are Geely, which could see tariffs of 20%, BYD, at 17.4% and SAIC, at 38.1%. Other Chinese EV producers are also likely to see tariffs range between 21% to 38.1%, depending on w...
Euronews (English)
The subsidies pumped by the Chinese government into battery electric vehicles (BEVs) are so distortive that extra tariffs are needed to counteract them. This is the preliminary conclusion of the European Commission's trade investigation, announced on Wednesday after weeks of mounting speculation. Diplomats and lobbyists had eagerly waited to see how far the executive would go to confront Beijing, a task that, despite its pressing nature, remains divisive among member states. The muscle-flexing took many by surprise. The Commission has proposed a robust range of tariffs to even things out: 17.4...
Euronews (English)
Chinese security equipment manufacturer Nuctech is suing the European Commission over raids on its offices in the Netherlands and Poland at the end of April, claiming there is no proof that the company has received foreign subsidies that distort competition in the single market. "Nuctech has appealed to the General Court of the EU against the European Commission's decision to inspect Nuctech's offices on suspicion of breaching the EU's Foreign Subsidies Regulation," the partly state-owned company said in a statement on Tuesday (4 June). "Nuctech has also requested the General Court of the EU t...
Euronews (English)
For decades, the People's Republic of China has lavished domestic companies with public money to fulfill the long-term economic objectives established by the government. Among the current priorities is the development of Battery Electric Vehicles (BEVs), a sector that is fast expanding as nations transition towards climate neutrality. The European Union has historically enjoyed a strong position in the car-making industry, with member states like Belgium, Spain, France, Italy, the Czech Republic, Slovakia and Poland ranked among the top 20 largest exporters in the world. In Germany, the automo...
Euronews (English)
In the landscape of EU-China relations, European Commission President Ursula von der Leyen's doctrine of "de-risking, not decoupling" has become a central tenet. This approach underscores the European Union's lack of coherent strategy towards China — attempts to balance between engagement and safeguarding its interests while failing to address more comprehensively the scale of threats and challenges posed by the totalitarian regime. Furthermore, while de-risking itself seeks to foster a pragmatic stance on economic and diplomatic fronts, it's imperative to recognise certain sectors necessitate...
Euronews (English)
Governments have signed off on new legislation they hope will prevent the EU from falling behind the US and China in the race to corner the market for clean energy technology, and finally see carbon capture and storage (CCS) deployed at scale after decades of false starts. The Net Zero Industry Act (NZIA), formally adopted today (27 May) at a summit of agriculture ministers in Brussels, redirects EU funding, eases permitting delays, and dovetails with the new Critical Raw Materials Act intended to secure access to elements like lithium and rare earths. The law is a response to fears of investm...
Euronews (English)
Critics of Shein and Temu in the United States have already complained that they use an import tax exemption there to undercut rivals and avoid customs inspections of their products. Germany has recently revealed that it backs the scrapping of some EU import taxes, which could potentially see the winding up of tax breaks for cheap packages. This is because currently, parcels bought online from a country outside the EU are exempt from custom duties if their total value is under €150. These tax breaks have been crucial for Chinese online retailers such as Temu and Shein, allowing them to charge ...
Euronews (English)
Taiwan, the self-ruling, high-tech island that has become a flashpoint in the deepening rivalry between China and the West, has entered a new political chapter. Lai Ching-te, also known as William Lai, was this week inaugurated as president, succeeding Tsai Ing-wen, whose steady, soft-spoken leadership in the past eight years has been credited with redefining Taipei's approach to Beijing. Having served as vice-president during Tsai's second mandate, Lai has fashioned himself as an enabler of continuity, rather than a disruptor who comes to shake things up at a precarious time of growing geopol...
Euronews (English)
China has launched an "anti-dumping" investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries. Polyoxymethylene copolymer, a plastic widely used in electronics and cars, is being sold at an unfairly low cost in China, therefore causing damage to domestic companies, said China's Ministry of Commerce. The investigation will focus on imports from the US, the EU, Taiwan and Japan, and could take up to 18 months to complete. Scholz’s visit to China: Balancing distance and diplomacy EU launches probe into Chinese solar p...
Euronews (English)
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