China is considering raising the temporary tariff rate on imported vehicles with large engines to a maximum of 25%, up from the current 15%. This potential move, in line with WTO rules, aims to reduce imports, cut emissions, and promote the green transition in the auto industry. The proposed tariff hike would primarily impact vehicles with engines larger than 2.5 liters, which account for a significant portion of China's consumption of large-displacement vehicles. The increase could significantly affect auto imports from the European Union and the United States, particularly impacting carmakers like Mercedes and BMW. In 2023, vehicles with large engines accounted for about 32% of imported cars in China. This development comes as trade tensions escalate between China, the US, and the EU. The China Chamber of Commerce to the EU has been informed about the potential move by insiders.
NEWS: China Hints at 25% Car Tariff as Deadline for EU Probe Looms • China may raise tariffs on imported cars with large engines up to 25%, affecting European and US carmakers. • European and US automakers are considering various strategies to counter the competition from… https://t.co/7E84PNUPn2
In light of China's threat of introducing 25% tariffs on certain EU car imports, consider the following: 1) China is the largest vehicle importer to the EU with a trade value of €12.8 billion and rapid growth rate +37% (year-on-year). This is what spooked European politicians!… https://t.co/mj6TlgMEi6
European carmakers drop on reports China could hike tariffs on large cars to 25% https://t.co/7weIRrycBs https://t.co/LRvLHU9dc4
NEWS: China considers raising tariffs on EU car imports from 15% to 25%, applicable to vehicles with engines larger than 2.5 liters. The most affected would be Mercedes and BMW who mostly sell larger displacement engines in China. China accounts for 32% of BMW's vehicle sales…
China hints at 25% tariff on EU, U.S. cars as probe deadline looms The China Chamber of Commerce to the EU said it was informed about the potential move by “insiders,” according to a statement posted on X. The levies would affect European and U.S. automakers and have a… https://t.co/cKQ1UupHvS
China Hints at 25% Car Tariff as Deadline for EU Probe Looms by @business h/t @Brad_Setser "China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and European Union. The @CCCEUofficial said it… https://t.co/jQDkwXCLHH
CHINA HINTS AT 25% TARIFF ON EU, U.S. CARS AS PROBE DEADLINE LOOMS
❖ CHINA HINTS AT 25% TARIFF ON EU, U.S. CARS AS PROBE DEADLINE LOOMS The China Chamber of Commerce to the EU said it was informed about the potential move by “insiders,” according to a statement posted on X. The levies would affect European and U.S. automakers and have a…
CHINA SIGNALED IT'S READY TO UNLEASH TARIFFS AS HIGH AS 25% ON IMPORTED CARS WITH LARGE ENGINES, AS TRADE TENSIONS ESCALATE WITH THE US AND EUROPEAN UNION.
CHINA MAY RAISE TARIFFS ON IMPORTED LARGE-ENGINE CARS TO 25% China may temporarily increase tariffs on imported large-engine cars to 25%, up from the current 15%, according to the China Chamber of Commerce to the EU. This move would impact European and US carmakers. https://t.co/MTobj5G0IE
China may be ready to unleash tariffs as high as 25% on imported cars with large engines. The China Chamber of Commerce to the EU said it was informed about the potential move by “insiders,” and it would impact European and US carmakers. https://t.co/cCHsV8xeM0
China should hike tariffs on large cars to 25%, says research body https://t.co/H39XZjWa29 https://t.co/Lg6W8REqbC
⚠️ CHINA SHOULD HIKE TARIFFS ON LARGE CARS TO 25%, SAYS RESEARCH BODY Full Story → https://t.co/UO8xRtACqZ China should raise its import tariffs on large gasoline-powered cars to 25%, a government-affiliated auto research body expert told China's Global Times newspaper as the… https://t.co/yUvNOjCfLh
China may unleash tariffs of up to 25% on imported US and EU cars, one lobby group said https://t.co/O8rzULSJYs
🇨🇳 🇪🇺 🇺🇸 #China Hints at 25% Levy on US, EU Cars as Probe Deadline Looms – Bloomberg https://t.co/885wySAoq1 https://t.co/yUBWpQMLLp
Trade War: #China may unleash tariffs as high as 25% on imported cars from the #US & #EU with large engines Lobby group calls tariff on large-engine cars ‘significant’ Such vehicles accounted for about 32% of imported cars in 2023 China could unleash tariffs as high as 25% on… https://t.co/m0tDKIxOjK
BREAKING NEWS CHINA COULD UNLEASH TARIFFS AS HIGH AS 25% ON IMPORTED CARS FROM THE UNITED STATES AND THE EUROPEAN UNION WITH LARGE ENGINES Let the trade war begin.
🇨🇳🇪🇺🇺🇸 #IMPORTANT China Chamber of Commerce to the EU was informed by the chief expert of China Automotive Technology & Research Center that #China may consider increasing temporary tariff rates on imported cars equipped with large-displacement engines to a maximum of 25%. https://t.co/3xZoEJiwcl
🇨🇳🇪🇺🇺🇸China Chamber of Commerce to the EU was informed by the chief expert of China Automotive Technology & Research Center that #China may consider increasing temporary tariff rates on imported cars equipped with large-displacement engines to a maximum of 25%. https://t.co/ZKu4GhdnEg
China may consider raising temporary tariffs on imported cars with large engines to a maximum of 25%, a Chinese trade lobby group said https://t.co/peyka0T1Zf
ICYMI - China considers slapping higher tariffs on some imported cars https://t.co/lMQbUlBsEe
Exclusive: China should consider raising temporary tariff rate on imported cars with engines larger than 2.5 liters: expert https://t.co/e9YWeb1qXJ go for it
#China’s govt expert suggests raising temporary import #tariff on #cars with large engine https://t.co/haGgRmRP6L https://t.co/bLuVIZt6ON
In an exclusive interview with the Global Times, a veteran insider in the #Chinese auto industry has suggested that #China consider hiking the temporary tariff rate on imported cars with large engines, in a bid to cut emissions. Such a move could have a major impact on auto… https://t.co/DlbaaSTLzS
Imported vehicles with large engines also account for 80 % of #China's consumption of vehicles with large-displacement engines. If the temporary tariff rate is increased, it will have a major impact on auto imports from the #EU, while also affect those from the #US.… https://t.co/aYJLZIUDkN
According to #WTO rules, #China’s temporarytariff rate on imported vehicles could be raised to a maximum of 25%, and that such an adjustment is not only in line with WTO rules, but also in line with China’s broader efforts to promote the green transition in the auto industry and… https://t.co/WKtPpE5vqp
#China should consider raising the temporarytariff rate on imported cars with engines larger than 2.5 liters, in order to reduce imports as part of the country’s broader efforts to cut emissions, a Chinese auto insider told the Global Times, while slamming protectionist actions… https://t.co/5xIoCxaUvK
According to WTO rules, #China’s temporary tariff rate on imported vehicles could be raised to a maximum of 25%, and any decision for China to hike the rate will be fundamentally different from the protectionist moves made by certain countries and regions, Liu Bin, a Chinese auto… https://t.co/nsw6fhoj6q
Exclusive: In an exclusive interview with GT, Liu Bin, a Chinese auto insider, suggested that #China should raise the temporarytariff rate on imported gasoline sedans and sport utility vehicles that have engines larger than 2.5 liters, so as to reduce imports and guide… https://t.co/aDGo0QBCAn