EU tariffs on Chinese cars

The European Commission has proposed new tariffs on Chinese-made electric cars, with rates ranging from 9% for Tesla to as high as 36% for other manufacturers that did not disclose their government subsidies. These tariffs, in response to China's financial support for its auto industry, aim to protect European manufacturers but could lead to increased vehicle prices in Spain, where approximately 30% of electric car sales are from Chinese brands or Tesla. The tariffs, which replace a temporary 38% duty, are expected to take effect in October pending approval from EU member states. China has strongly opposed these tariffs, warning of significant risks to its automotive sector and potential negative impacts on the EU market, including reduced innovation and job growth. The China Association of Automobile Manufacturers (CAAM) emphasized that these measures could disrupt competition and harm the interests of businesses in the electric vehicle market. Critics argue that the tariffs will ultimately hurt EU consumers and the supply chain.