Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Shockwaves in EV Market: EU Eyes Up to 45% Tariff on Chinese Imports

Daniel Kim Views  

Yonhap News

The European Union (EU) is set to vote on imposing significant tariffs on electric vehicles (EVs) imported from China, with plans to introduce duties as high as 45% potentially. According to EU officials, the vote is scheduled for October 4, though the date remains subject to change.

Yonhap News

Member states have received a draft regulation outlining the proposed tariffs, which must be approved by a vote among the 27 EU countries. For the tariffs to take effect by the end of October, at least 15 member states, representing 65% of the EU’s population, must refrain from casting a majority of votes against the measure.

The voting process has encountered delays as EU member states engage in last-minute negotiations with China to reach a resolution that could avert the new tariffs. In addition to the proposed 45% levy, the European Commission is also considering a separate proposal to impose a final tariff of up to 35.3% on Chinese-made electric vehicles, which would be in addition to the existing 10% standard import duty for cars entering the EU.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • WTI Crude Rebounds After Middle East Tensions and China’s Rate Cut
  • Gold Hits Record High as Middle East Tensions and U.S. Election Fuel Demand
  • China and Turkey Set to Dominate Rare Earth Market with New Partnership
  • Musk Eyes Global Dominance: Tesla Semi Truck Heading for Europe and Beyond
  • Apple’s Big EV Battery Collaboration with BYD—But Why Did It End?
  • Johnson & Johnson Crushes Q3 Expectations—Here’s Why Investors Should Take Notice

Weekly Best Articles

  • North Korea’s ‘Assassination Unit’: Why 12,000 Special Forces Are Heading to Russia
  • South Korea May Provide Lethal Aid to Ukraine in Response to North Korea Sends Troops to Russia
  • Kim Jong Un Criticizes Flood Recovery Efforts While Staying Silent on Russia Troops
  • Experts Warn: Kim Jong Un May Push Military Provocations With Russian Support
  • Messi Transforms American Soccer, Leads Inter Miami to Historic Win Record
  • North Korean Missile Experts Spotted on Russia-Ukraine Frontline
  • Ohtani’s Champagne Shower Streak Continues as Dodgers Reach World Series
  • WTI Crude Rebounds After Middle East Tensions and China’s Rate Cut
  • Gold Hits Record High as Middle East Tensions and U.S. Election Fuel Demand
  • North Korean Flag in Ukraine? Ukraine Denies Authenticity, Calls It Propaganda
  • U.S. Cautiously Monitors North Korean Troop Deployment Rumors in Ukraine
  • North Korean Soldiers on the Run: 18 Captured After Fleeing Russian Unit

You May Also Like

  • 1
    Haven-1: Inside the World’s First Commercial Space Station Set for 2024 Launch

    WORLD 

  • 2
    South Korean Border Towns Hit Hard by North Korean Noise Warfare

    ASIA 

  • 3
    North Korean Special Forces in Russia: Experts Warn of 90% Casualty Risk in Ukraine War

    LATEST 

  • 4
    Chinese-Made Robot Vacuums Caught Shouting 'F*!' at Americans

    DEBATE 

  • 5
    Russia Fails to Pay Back $200M Loan to South Korea, Citing War Challenges

    WORLD 

Popular Now

  • 1
    North Korea Vows to Punish U.S. and Allies Over Sanctions, Calls Team 'Illegal'

    LATEST 

  • 2
    Leaked Docs: Russia Prepares Korean-Language Survey for North Korean Soldiers in Ukraine War

    LATEST 

  • 3
    $700M Bet That Paid Off: Ohtani’s Record-Setting Deal One Year Later

    SPORTS 

  • 4
    Messi's Hat Trick Seals Inter Miami’s Record-Breaking Regular-Season

    SPORTS 

  • 5
    Ohtani's Costly Decision: Did He Miss His Chance to Score?

    SPORTS 

Weekly Best Articles

  • North Korea’s ‘Assassination Unit’: Why 12,000 Special Forces Are Heading to Russia
  • South Korea May Provide Lethal Aid to Ukraine in Response to North Korea Sends Troops to Russia
  • Kim Jong Un Criticizes Flood Recovery Efforts While Staying Silent on Russia Troops
  • Experts Warn: Kim Jong Un May Push Military Provocations With Russian Support
  • Messi Transforms American Soccer, Leads Inter Miami to Historic Win Record
  • North Korean Missile Experts Spotted on Russia-Ukraine Frontline
  • Ohtani’s Champagne Shower Streak Continues as Dodgers Reach World Series
  • WTI Crude Rebounds After Middle East Tensions and China’s Rate Cut
  • Gold Hits Record High as Middle East Tensions and U.S. Election Fuel Demand
  • North Korean Flag in Ukraine? Ukraine Denies Authenticity, Calls It Propaganda
  • U.S. Cautiously Monitors North Korean Troop Deployment Rumors in Ukraine
  • North Korean Soldiers on the Run: 18 Captured After Fleeing Russian Unit

Must-Reads

  • 1
    Haven-1: Inside the World’s First Commercial Space Station Set for 2024 Launch

    WORLD 

  • 2
    South Korean Border Towns Hit Hard by North Korean Noise Warfare

    ASIA 

  • 3
    North Korean Special Forces in Russia: Experts Warn of 90% Casualty Risk in Ukraine War

    LATEST 

  • 4
    Chinese-Made Robot Vacuums Caught Shouting 'F*!' at Americans

    DEBATE 

  • 5
    Russia Fails to Pay Back $200M Loan to South Korea, Citing War Challenges

    WORLD 

Popular Now

  • 1
    North Korea Vows to Punish U.S. and Allies Over Sanctions, Calls Team 'Illegal'

    LATEST 

  • 2
    Leaked Docs: Russia Prepares Korean-Language Survey for North Korean Soldiers in Ukraine War

    LATEST 

  • 3
    $700M Bet That Paid Off: Ohtani’s Record-Setting Deal One Year Later

    SPORTS 

  • 4
    Messi's Hat Trick Seals Inter Miami’s Record-Breaking Regular-Season

    SPORTS 

  • 5
    Ohtani's Costly Decision: Did He Miss His Chance to Score?

    SPORTS 

Share it on...