EU Officially Gives High Tariffs To Chinese Electric Cars, Beijing Murka!

BYD is the official partner of UEFA Euro 2024. (Doc. BYD)

JAKARTA - The global automotive industry is again volatile after the European Union imitated the United States (US) approach by setting additional tariffs for imports of electric vehicles from China.

The tariff determination was also condemned by many European car manufacturers themselves, especially German manufacturers who were quite harsh in applying for rejection.

However, after the European Union (EU) officially imposed additional import duties of up to 38.1 percent for Chinese electric cars starting July 4, Beijing will not remain silent and denounce this policy as a protective measure.

According to a Reuters report, quoted on June 14, China's anger and other parties involved, including European and Chinese automakers, have shown firm resistance to the EU's decision. They hope this tension can fall because it could result in heavy losses to all parties.

"We urge the EU to listen closely to objective and rational voices from all walks of life, immediately correct wrong practices, stop politicizing economic and trade issues, and deal with economic and trade disputes well through dialogue and consultation," said Chinese Foreign Ministry spokesman Lin Jian during a press conference.

Meanwhile, analysts see there is room for both parties to discuss and find solutions. Otherwise, the price of Chinese electric cars could soar in Europe while European manufacturers themselves could lose big because of their China-dependent market.

China itself promised to take "all necessary steps" to protect their interests.