Shock To The System (I): Can the EU fend off the threat of Chinese electric cars?
Chinese Whispers
Impact of Tariffs on European Manufacturers in the Electric Car Market
European manufacturers face tariffs in China due to WTO rules applying to the entire sector, not just Chinese-owned companies. This puts European brands making electric vehicles in China at a disadvantage with higher duties. European manufacturers are finding it challenging to compete with Chinese companies like BYD, who benefit from lower production costs and now face higher import duties to send vehicles to Europe. To avoid tariffs, European manufacturers may consider moving manufacturing back to Europe. Some European countries are already encouraging Chinese manufacturers to set up operations in Europe while also urging European companies to bring their manufacturing back, facilitated by the high import duties on cars to Europe.
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