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QUOTES-EU votes in favour of hefty tariffs on China-made EV imports
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QUOTES-EU votes in favour of hefty tariffs on China-made EV imports
Oct 4, 2024 3:50 AM

LONDON, Oct 4 (Reuters) - The European Commission said

on Friday it had received enough support in a vote of EU members

to impose tariffs of up to 45% on imports of Chinese-made

electric vehicles in the bloc's highest profile trade case,

risking retaliation from Beijing.

Here is reaction to the news:

SWEDEN'S MINISTER FOR FOREIGN TRADE BENJAMIN DOUSA:

"We have had very positive signals just recently from the

Commission that they hopefully could go ahead with individual

solutions for the auto industry and for Volvo Cars

specifically."

"Sweden's line is that the best thing would be that China

and the EU together can come to an agreement in relation to this

problem."

HUNGARIAN PRIME MINISTER VIKTOR ORBAN:

"What they are making us do right now, or what the EU wants

to do, is an economic cold war."

BMW CEO OLIVER ZIPSE:

"Today's vote is a fatal signal for the European automotive

industry. What is needed now is a quick settlement between the

EU Commission and China to prevent a trade conflict from which

no one gains."

"The fact that Germany voted against the tariffs is an

important signal and increases the chances for a negotiated

settlement."

VOLKSWAGEN:

"We stand by our position that the planned tariffs are the

wrong approach and would not improve the competitiveness of the

European automotive industry."

"We appeal to the EU Commission and the Chinese government

to constructively continue the ongoing negotiations for a

political solution."

GEELY HOLDING:

"Geely Holding expresses great disappointment in the

Commission's decision. The decision (...) is not constructive

and may potentially hinder EU-China economic and trade

relations, ultimately harming European companies and consumer

interests."

SAIC UNIT MG MOTOR FRANCE:

"Today, the European Commission is planning to excessively

tax the 100% electric vehicles offered by MG in France, thereby

slowing down the transition to more virtuous individual mobility

which the same Commission has called for by 2035."

"Faced with this situation, MG Motor France has decided not

to penalise its customers in 2024, and to maintain the list

prices of its 100% electric models, the only ones affected by

the vote on Friday October 4, without even waiting for the

result."

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