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The European Commission has imposed provisional countervailing duties on imports of battery electric vehicles (BEVs) from China.
This decision follows an investigation that found Chinese BEV producers benefit from subsidies, creating unfair competition in the EU market.
The duties, ranging from 4.7% to 20.9%, aim to restore a level playing field for EU manufacturers and promote fair trade.
These provisional duties will apply as of 5 July 2024, for a maximum duration of four months. Within that timeframe, a final decision must be taken on definitive duties, through a vote by EU Member States. When adopted, this decision would make the duties definitive for a period of five years.
The Commission's action aligns with the EU's broader strategy to ensure fair competition and support the green transition.
The imposition of provisional countervailing duties by the EU on Chinese electric vehicle imports and China's investigation into EU pork for dumping reflect rising trade tensions between the two economies. The EU aims to protect its automotive industry from subsidized Chinese imports, while China responds by scrutinizing potential dumping practices in the European pork sector.
4 July 2024/ EC/ European Union.
https://ec.europa.eu
