Eu Tariffs

Retaliatory tariff on European Union: India to firewall local biz

The government's policy decision aims to avoid hurting the local industry by imposing higher import duty on key raw materials or intermediate goods from the trade bloc

China files complaint at WTO over EU anti-subsidy tariffs on Chinese EVs

China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount

China imposes deposits on EU brandy in tit-for-tat after EV tariff vote

As of Oct 11, importers of brandy originating in the EU will have to put down security deposits mostly ranging from 34.8 per cent to 39.0 per cent of the import value, the ministry said

EU governments face pivotal vote today for imposing Chinese EV tariffs

In the absence of a qualified majority either way, the EU executive can adopt the tariffs, however, it could also submit an amended proposal if it wanted to secure greater backing

EU headed for 'economic cold war' with China: Hungary's PM on EV tariff

Earlier on Friday data showed Hungary's industrial output falling by a worse-than-expected 9.5 per cent in August, which Budapest said was due to the weakness of the German economy

China unveils next steps in EU brandy probe as EV tariffs take effect

There is a four-month window during which the EV tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation

Xi Jinping greets EU Council president ahead of EV tariffs taking effect

EU trade policy has turned increasingly protective over concerns that China's production-focused development model could see it flooded with cheap goods

China hits Europe's pork imports after EU imposes tariffs on Chinese EVs

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce Ministry didn't mention the EV tariffs when it announced Monday that it is opening an anti-dumping investigation into pork from Europe, but the move is widely seen as a response to the EU move on electric cars. It also gives China a bargaining chip in any trade negotiations. China could have slapped a 25% duty on imports of gasoline-powered vehicles with large engines in the name of combating climate change, a step that would would have hit Mercedes and BMW hard. In choosing not to do so, at least for now, the government may be acknowledging the public opposition of the German auto industry to the EU tariffs, as well as its sizeable production in China. The Chinese market is a major one for German automakers, and the head of

India has option to hit back at EU tariffs with retaliatory custom duties

India has the option to propose the imposition of retaliatory customs duties under the WTO norms on goods imported of a certain value from the EU, as the two sides have failed to reach a consensus on the European Union's safeguard measures on some steel products, an official has said. The EU has extended safeguard duties on certain steel imports, scheduled to expire this month, by another two years till 2026. This is the second extension of the safeguards that take the form of the Tariff Rate Quota (TRQ), first imposed in 2018. India is one of the countries affected by this measure as it has a substantial interest in steel exports to the EU. In 2023-24, India's iron and steel and their products exports to the EU increased to USD 6.64 billion from USD 6.1 billion in 2022-23. India, along with other countries, has earlier raised concerns at the World Trade Organisation (WTO) over the European Union's (EU) move to extend safeguard duty on the import of certain steel products till ...

Europe vs China: Why is EU imposing heavy tariffs on imported Chinese EVs?

EU tariff on Chinese EVs explained: The new tariffs are set to take effect from July 4, unless ongoing discussions with Chinese authorities yield a different outcome

China urges EU to rethink EV tariffs; says 'cooperation the way forward'

Brussels seemed to have left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario, the Xinhua commentary added

EU 'regrettably' hits US with tariffs, seeks better ties under Joe Biden

BRUSSELS/BERLIN (Reuters) - The European Union will impose tariffs on up to $4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing , but said on Monday it was hopeful of an improvement in trade ties under U.S. President-elect Joe Biden.

EU wins approval to target $4 billion US imports over Boeing subsidies

Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective plane makers, Boeing and Airbus

EU imposes tariffs as high as 66.4% on steel road wheels from China

The duties punish Chinese exporters of steel wheels for vehicles including cars, tractors and trailers for allegedly having sold them in the EU below cost, a practice known as dumping

EU's tariff threats against Asian leaders who abuse power risk backfiring

China, in particular, could step in to offset any export losses from nations hit with new EU tariffs

European Union considers 25% tariffs on US steel, jeans imports

The list of targeted US goods, including motorcycles, jeans and bourbon whiskey sends a message to Washington about the potential domestic economic costs of making good on the president's threats