Saturday, November 14, 2026
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home Global

World Insights: EU’s protectionist tariffs on Chinese EVs face backlash from industry, officials

Source: Xinhua

Admin by Admin
October 30, 2024
in Global
This photo taken on Oct. 4, 2024 shows the European Commission building in Brussels, Belgium. (Xinhua/Zhao Dingzhe)

This photo taken on Oct. 4, 2024 shows the European Commission building in Brussels, Belgium. (Xinhua/Zhao Dingzhe)

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Critics argue that such tariffs could burden European consumers, strain EU-China trade and investment ties, hinder Europe’s transition to a greener automotive sector, and ultimately undermine global efforts to mitigate climate change.

BRUSSELS, Oct. 30 (Xinhua) — The European Commission on Tuesday announced the imposition of anti-subsidy tariffs on Chinese-made electric vehicles (EVs), a decision that has sparked strong opposition from within the EU and key industry stakeholders.

Starting Wednesday, these tariffs will remain in place for five years with varying rates: 17 percent for BYD, 18.8 percent for Geely, and 35.3 percent for SAIC, among China’s leading automakers.

READ ALSO

China initiates steps to explore the Jupiter system

Migrant Caravan of 1,500 Heads North Through Mexico as Trump Threatens New Tariffs

Additional firms that cooperated in the investigation will be subject to a 20.7-percent duty, while non-cooperative companies will incur the maximum 35.3-percent rate, according to the commission’s statement.

Despite this decision, the European Commission noted that the EU and China are still exploring alternative measures within WTO guidelines to address trade concerns.

The decision has sparked widespread discontent among EU member states and industry stakeholders alike. Critics argue that such tariffs could burden European consumers, strain EU-China trade and investment ties, hinder Europe’s transition to a greener automotive sector, and ultimately undermine global efforts to mitigate climate change.

Germany’s economy ministry reaffirmed its commitment to “open markets,” underscoring the country’s reliance on global trade networks and calling for continued negotiations with China to ease tensions while protecting EU industries.

Slovakia, a dissenting voice in the October vote, opposed the tariff increase. Prime Minister Robert Fico noted that China is “20 years ahead of us when it comes to EVs,” cautioning that heightened trade barriers could ultimately harm Europe more than China.

A visitor tries a vehicle at the inauguration ceremony of Dongfeng sales and technical center in Kamnik Pod Krimom, Slovenia, on Oct. 23, 2024. (Photo by Zeljko Stevanic/Xinhua)

Industry leaders in the automotive sector echoed these concerns. Hildegard Muller, president of the German Association of the Automotive Industry, criticized the tariffs as a “step backwards for global free trade,” warning of potential job losses, stunted economic growth, and weakened market prosperity, along with further trade disputes.

“The door for negotiations remains open. This is the only positive news today,” she said, urging sustained efforts toward open negotiations.

Major European automakers, including Volkswagen, BMW, and Mercedes-Benz, voiced a unified stance against the tariffs, advocating for open markets that support fair competition.

BMW CEO Oliver Zipse warned that the tariffs could “harm the business model of globally active companies, limit the supply of electric cars to European customers and thus slow down decarbonization in the transport sector.”

Michael Schumann, chairman of the Board of the German Federal Association for Economic Development and Foreign Trade, criticized the tariffs as counterproductive, arguing that they contradict Europe’s objectives of promoting electric mobility and advancing climate protection.

“The transition to electric mobility is a cornerstone of climate protection, and we need to support and advance that transition,” Schumann told Xinhua.

People visit the pavilion of Chinese carmaker Leapmotor at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. (Xinhua/Gao Jing)

Experts have also weighed in, highlighting broader geopolitical influences. Boyan Chukov, a former foreign policy advisor to Bulgaria’s Prime Minister, argued that the United States is leveraging the EU in its economic competition with China.

“China is one of the countries most compliant with environmental regulations. In this regard, it stands as an example for other countries to follow,” he said, adding that the additional tariffs are driven by “political imperatives.”

Liang Guoyong, a senior economist with the United Nations Conference on Trade and Development, described the EU tariffs as “counterproductive.”

He noted that protective and restrictive trade measures on green products, such as EVs, conflict with global efforts to reduce carbon emissions and could increase costs for European consumers.

“Imposing these tariffs would only undermine the economic interests of both importers and exporters and threaten global climate change progress,” Liang warned.

 

ShareTweetSendShareSend

Related Posts

Global

China initiates steps to explore the Jupiter system

by Admin
November 13, 2026

China Daily News - The China National Space Administration has begun to take concrete steps to prepare for one of...

Read moreDetails
Members of the migrant caravan known as “Dios con Nosotros” (God With Us) walk north through Tapachula, Chiapas, Mexico, on November 10, 2026, hoping to eventually reach the United States. Photograph: Damian Sanchez/Reuters.
Global

Migrant Caravan of 1,500 Heads North Through Mexico as Trump Threatens New Tariffs

by Admin
November 12, 2026

A caravan of approximately 1,500 migrants, including families with young children from Central America and other parts of the region,...

Read moreDetails
Local and federal law enforcement and emergency medical services respond to reports of an active shooting, Thursday, Nov. 12, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
Global

One Dead, Four Injured in Shooting at Washington, D.C. Gym; Suspect Dies

by Admin
November 12, 2026

One person was killed and four others wounded in a shooting at a gym in Washington, D.C.’s Logan Circle neighbourhood...

Read moreDetails
Next Post

GUYANA CHESS TEAM SECURES SILVER AT INTER-GUIANA GAMES


EDITOR'S PICK

Prime Minister’s Dominoes Tournament

Strike Force Clinches Victory as Prime Minister’s Dominoes Independence Tournament Sets New National Record

May 20, 2025
China holds a memorial ceremony for the Nanjing Massacre victims at the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders in Nanjing City, east China's Jiangsu Province, December 13, 2024. /CFP

China holds national commemoration for Nanjing Massacre victims

December 14, 2024

Police destroy acres of cannabis farms at Gaetroy, Upper Berbice River

February 7, 2021
Aerial view of Cuyuni River- Facebook photo

Armed Venezuelan Gangs Tighten Grip on Guyana’s Cuyuni River Frontier

October 31, 2026

© 2024 Village Voice

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2024 Village Voice