The European Union is considering taking strong economic measures against China, including the possibility of imposing tariffs, to address the surge in imports of subsidized electric vehicles (EVs), steel, and renewable energy technology. European Commission President Ursula von der Leyen emphasized the EU's commitment to protecting its industries and jobs, highlighting the potential for a trade war if China does not voluntarily reduce its exports. The issue has gained urgency as Europe aims to meet its carbon-zero targets, but concerns have been raised about the potential negative impacts on the EU's Green Deal, with warnings from industry leaders like the CEO of BMW about the repercussions of tariffs on Chinese EVs. Deliberations over whether Chinese electric-car makers benefit from unfair subsidies are intensifying, and any tariffs following President Xi Jinping's visit would have to clear a very high bar to be effective.
EU tariffs on Chinese EVs could backfire, hobble Green Deal, BMW CEO says https://t.co/aRkK5mpGmy https://t.co/dQhZFK2dOQ
EU's von der Leyen: China must be stopped from flooding EV market - Reuters https://t.co/n111ORa1EA
From @breakingviews: Deliberations over whether Chinese electric-car makers benefit from unfair subsidies are getting harder to navigate. If Europe imposes tariffs following Xi Jinping's visit, they would have to clear a very high bar to be effective, says @katrinahamlin https://t.co/y9cFZw8fUJ
EU's von der Leyen: China must be stopped from flooding EV market https://t.co/ftGBuiidiO https://t.co/kLurKjYCAN
⚠️ EU TARIFFS ON CHINESE EVS COULD BACKFIRE, HOBBLE GREEN DEAL, BMW CEO SAYS Full Story → https://t.co/F2EgNUFDAc BMW's CEO on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers, saying it could upend the bloc's Green Deal… https://t.co/d62j9Xcn8M
EU'S VON DER LEYEN: WE MUST WORK TO PREVENT CHINA FLOODING EU MARKET WITH SUBSIDISED E-CARS
Europe faces a dilemma over China trade tariffs as investment and export needs weigh against cheap EV fears. https://t.co/ivzQBVJBku
From @breakingviews: Deliberations over whether Chinese electric-car makers benefit from unfair subsidies are getting harder to navigate. If Europe imposes tariffs following Xi Jinping's visit, they would have to clear a very high bar to be effective, says @KatrinaHamlin https://t.co/Rsu97TS9g0
Europe faces up to China's EV dominance as carbon-zero targets loom https://t.co/oHxqGctUOM
"The EU has restated its readiness to launch a trade war w/#China over imports of cheap EVs, steel & solar & wind technology, w/Ursula von der Leyen saying the bloc will “not waver” from protecting industries & jobs after a meeting w/Pres Xi" https://t.co/iGV9OlJn6r
Electric cars and steel from China have flooded the EU market; Brussels is waiting for China to voluntarily reduce exports or take tough economic measures - European Commission President Ursula von der Leyen https://t.co/7UTIQ55nKy