EU plans Oct. 4 vote on imposing duties on electric cars from China

European Union plans to hold a vote on October 4 on imposing duties on imported electric cars from China that could reach 45%. This was reported by sources familiar with the situation. EU member states have already received a draft regulation for the proposed measures. The vote among the bloc’s member states was slightly delayed because of recent talks with Beijing, in an attempt to find a solution that would avoid imposing new duties.

A vote among the bloc’s member states was slightly delayed because of recent negotiations with Beijing, in an attempt to find a solution that would avoid the imposition of new duties.

Negotiations continue despite the measures

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According to Bloomberg, talks between the two sides could continue even if member countries decide to impose duties. Sources who wished to remain anonymous also said the date of the vote could still change.

Sources who requested anonymity also said the date of the vote could still change.

The plans are the result of an investigation by the European Commission, the EU’s executive body, which found that China unfairly subsidizes its electric car industry. The imposition of duties is necessary to protect European manufacturers from uncompetitive market conditions.

European Commission.

China’s response: denying the allegations and threatening retaliatory measures

China, for its part, has denied accusations of unfairly supporting its industry and has already threatened to impose retaliatory duties on European goods. The list could include products such as dairy products, brandy, pork, as well as cars with large engines.

China has denied the allegations of unfair support for its industry and has already threatened to impose retaliatory duties.

The future of duties: conditions and likely developments

If the vote in favor of imposing duties is successful, the new rates, which could be as high as 35%, would begin as early as November this year and would apply for five years. In order to block the imposition of the duties, it is necessary for 15 EU countries, representing 65% of the bloc’s population, to vote against the measure. The new duties would be added to the existing rate of 10%.

The new duties would be added to the existing rate of 10%.

Fears within the EU: possible implications for trade

Some countries, such as Germany and Spain, have already expressed warnings about the imposition of these duties. They fear it could trigger a trade war between the EU and China. China is Europe’s second largest trading partner, and total trade between the two sides last year amounted to 739 billion euros (about 825 billion dollars). The introduction of new duties could jeopardize economic relations between the EU and China, which could have serious consequences for both sides.

The new duties could jeopardize economic relations between the EU and China, which could have serious consequences for both sides.

The European Union faces a tough choice – protect its industry or maintain good trade relations with China. We can only wait for the outcome of the vote and the further development of the situation, which will determine the future of European-Chinese trade ties.

European Union faces a difficult choice – to protect its industry or to maintain good trade relations with China.