· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:
🗞️ Driving the news: EU member states will vote on 4 October on whether to impose tariffs of up to 36.3% on China-made electric vehicles (EVs)
• The vote was delayed to give more time for negotiations between EU and Chinese officials, seeking a compromise where Chinese automakers agree to sell their EVs at a minimum price to offset state subsidies
🔭 The context: The EU initiated the investigation into Chinese EV subsidies in 2023, leading to rising tensions between Brussels and Beijing
• In response, China launched anti-dumping probes into EU dairy, pork, and brandy. The proposed tariffs aim to protect the EU auto industry from heavily subsidized Chinese EVs, which the EU argues create unfair competition
🌍 Why it matters for the planet: This trade dispute impacts the transition to greener transport
• While tariffs might protect European automakers, they could also raise EV prices, potentially slowing down the adoption of clean vehicles and hindering climate goals
⏭️ What's next: Even after the 4 October vote, negotiations will continue between EU and Chinese officials
• The final deadline for imposing duties is 30 October
• Spain's recent shift in position could influence the outcome, as key EU member states are still undecided
💬 One quote: "The duties would range up to 36.3%, on top of the EU’s standard 10% car import levy," according to sources familiar with the situation
📈 One stat: Fifteen EU member states, representing at least 65% of the population, must vote against the tariffs to block them
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