Trade Tariffs

Macroeconomics and Politics
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Chinese-Europe joint ventures may be eligible for reduced tariff rates, EU says

  • The EU Commission said Chinese companies in joint ventures with European automakers may be eligible for lower reduced tariff rates.
  • It has also reduced tariffs on Tesla vehicles made in China and exported to Europe to 9% from the 20.8% it had initially imposed saying that it established that Tesla receives less subsidies from the Chinese government.
  • The commission also lowered the imposed tariffs for some of the Chinese companies. For instance, BYD’s rate is now 17% (from 17.4%), Geely 19.3% (from 19.9%) and SAIC 36.3% (from 37.6%).

Commission discloses to interested parties draft definitive findings of anti-subsidy investigation into imports of battery electric vehicles from China

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