The European Commission announced duties of between 17.4% and 37.6%, almost the same as those disclosed in June
EU regulators will impose provisional duties on Chinese-made electric vehicles imported into the European Union from Friday, without backdating, they said, risking retaliation from Beijing.
They can be applied for up to four months, by which point the Commission will decide whether to apply final duties, known as definitive duties. In the EV case, the deadline for this is Nov. 2. The Commission already visited more than 100 sites of automakers in China and Europe and done the bulk of its investigation.
As an alternative to duties, exporters can commit to selling their products at or above a minimum price. Chinese exporters agreed such an undertaking in the case of solar panels a decade ago. However, cars are not commodities, so it is hard to see how a minimum price could be applied.At the provisional stage, the Commission has full power to impose duties, although it consults EU members and is supposed to take their positions into account. They are to submit their positions by July 15.
Its proposal could be blocked if a qualified majority of the European Union’s 27 members is opposed. A qualified majority means 15 EU members representing 65 per cent of the EU population. In most cases, there is no blocking majority.Any company not in the sample group of BYD, Geely and SAIC that wishes to have its own individual duty can ask for an “accelerated review” just after the imposition of definitive measures. Such a review should last a maximum of nine months.
Commission Duty Majority Duties Investigation Review China SAIC Geely European Court Of Justice
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersWASHINGTON (AP) — It's a scenario that terrifies America's auto industry.
Read more »
Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersWASHINGTON (AP) — It's a scenario that terrifies America's auto industry.
Read more »
Canada to start 30-day consultation to impose surtax on Chinese EVsFinance Minister Chrystia Freeland says Canada is investigating whether to impose a surtax on Chinese-made electric vehicles.
Read more »
Canada to start 30-day consultation to impose surtax on Chinese EVsOTTAWA — Canada accused China of undermining global trade rules and flooding the market with electric vehicles Monday as Finance Minister Chrystia Freeland kick-started the process required to impose new import taxes on Chinese-made EVs.
Read more »
Canada to start 30-day consultation to impose surtax on Chinese EVsOTTAWA — Canada accused China of undermining global trade rules and flooding the market with electric vehicles Monday as Finance Minister Chrystia Freeland kick-started the process required to impose new import taxes on Chinese-made EVs.
Read more »
Canada to start 30-day consultation to impose surtax on Chinese EVsOTTAWA — Canada accused China of undermining global trade rules and flooding the market with electric vehicles Monday as Finance Minister Chrystia Freeland kick-started the process required to impose new import taxes on Chinese-made EVs.
Read more »