Support from EU member states is enough to impose tariffs on electric cars (EVs), sources say – Vote expected on Friday
Greece, France, Italy and Poland will vote on Friday to impose tariffs of up to 45% on imports of electric cars (EVs) made in China, seen as enough to pass the European Union’s proposal, in a move that could increase trade tensions with Beijing, sources said, as reported by Reuters.
The European Commission, which is investigating subsidies for electric vehicles made in China, has sent its proposal for final tariffs to the 27 EU member states ahead of a vote expected on Friday.
Under EU rules, the Commission can impose “definitive” tariffs for the next 5 years unless a qualified majority of 15 EU countries representing 65% of the EU’s population vote against the plan.
The European Commission had released the findings of its much-publicized investigation into alleged subsidies on imports of Chinese-made electric vehicles, which included some changes to proposed punitive duties.
The Commission, which sets EU trade policy, said it still believed Chinese electric vehicle production benefited from extensive subsidies and initially proposed tariffs of up to 36.3% on car companies. In July it had initially planned tariffs of up to 37.6%.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.