this post was submitted on 21 Oct 2023
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Electric Vehicles
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China will happily impose tariffs on imported goods when ever they feel they should.
Maybe the countries in Europe should do the same.
Europe already has a 10% tariff on cars imported from China. Furthermore China is the 3rd largest market for EU car exports
https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/
Additional tariff on chinese car imports will have China doing the same on EU cars. Also most EVs in europe use batteries from China from the like of CATL & BYD.
https://www.bloomberg.com/news/articles/2023-10-11/china-s-catl-byd-dominate-ev-battery-market-as-demand-grows#xj4y7vzkg
China has a 15% tariff on all cars imported from Europe, plus a “luxury” tax for expensive cars, plus an engine tax, which caps out at 40% for the largest engines. Perhaps Europe should treat China the same way China treats Europe. It’s only fair.
Thats the current plan. China is obviously crying hard about that but yeah, would be the best solution for now.