The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg.
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Category: tariffs
China plans to resort to the WTO dispute settlement mechanism against Canada's practices and will launch the world's first anti-discrimination investigation.
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Tesla had approached Ottawa to lower tariffs on its vehicles ahead of Canada's announcement this week of a 100 percent tariff on China-made EVs, according to Reuters.
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The Canadian government plans to announce a 100 percent levy on EVs from China and 25 percent on steel and aluminum, Bloomberg reported.
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EU announces final tariffs on Chinese EVs which subject to consultation and voting will be implemented by November 2024.
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BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla's 9 percent is well below the 20.8 percent indicated last month.
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The USTR expects its final ruling to be issued in August, and the new tariffs, which had been planned to take effect on August 1, will go into effect about two weeks after the publication of the final determination.
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SAIC said in the hearing that the European Commission's anti-subsidy investigation involves commercially sensitive information and that there were errors in the determination of subsidies.
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SAIC are negotiating with the Spanish government for an MG factory. Hungary and Czech Republic also still possibilities.
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Key economic speech in Beijing claims that only BYD and Li Auto among Chinese new energy vehicle producers make a profit.
The post BYD and Li Auto are the only Chinese NEV producers that make a profit claims Beijing speech appeared first on CarNewsChina.com.