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Date: October 10, 2024
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By Mobility Portal
World

China Considers Imposing Tariffs on Large-Displacement Vehicles from the EU

This possibility comes less than a week after Brussels confirmed the imposition of tariffs on Chinese EVs. France considered the European Commission’s proposal to be “proportionate and calibrated,” a stance that differs from that of Germany.
China's Minister of Commerce Wang Wentao
China's Minister of Commerce Wang Wentao.

China is “studying” the imposition of tariffs on large-displacement fuel vehicles imported from the European Union (EU) to “firmly safeguard the legitimate rights and interests of its industries and enterprises,” the Asian country’s Ministry of Commerce announced yesterday.

A spokesperson for the ministry stated in a statement that Beijing is conducting investigations to “fully protect the rights of all stakeholders.”

This possibility comes less than a week after Brussels confirmed the imposition of tariffs on Chinese electric vehicles (EVs), which in turn has opened anti-dumping investigations into dairy and pork products from the EU.

“We will issue an objective and fair ruling based on the findings of the investigations into EU pork and dairy products,” said the spokesperson, adding that the country is also “studying measures such as increasing tariffs on imports of large-displacement fuel vehicles.”

China also announced yesterday the imposition of provisional anti-dumping measures on brandy imported from the EU starting this Friday, following the European Commission’s (EC) decision last week to proceed with the imposition of tariffs on EVs imports from China.

According to a statement from the Ministry of Commerce, this measure means that importers of the liquor will have to pay security deposits to Chinese customs starting from 11 October.

The Asian giant had assured at the end of August that it would not impose provisional anti-dumping measures on imported brandy—an action that would primarily affect France—despite determining that European producers sold the liquor in the Chinese market ‘with dumping margins of 30.6% to 39%.’

The investigation, which began on 5 January of this year, concluded that these dumping practices represent a significant threat to the local brandy industry in China.

For its part, and after nine months of investigation, Brussels suggested an increase in customs duties due to the support that the Chinese state provides to companies manufacturing electric vehicles.

Depending on the level of public subsidies received from Beijing by different brands, the EC recommends a tariff of 7.4% on BYD, 20% on Geely, and 38.1% on SAIC.

Additionally, Western brands that produce in China (Tesla, Dacia, or BMW) would be taxed at 21%.

France considered the European Commission’s proposal to increase tariffs on Chinese EVs to be “proportionate and calibrated,” a stance that differs from that of Germany.

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