In contrast to what Chinese companies must bear unless Beijing makes concessions in a trade spat, the European Commission on Tuesday revealed plans to levy an additional nine percent tariff on Tesla’s electric vehicles manufactured in China.
After discovering that electric vehicles (EVs) from China were unfairly undermining their European competitors, Brussels last month slapped EV imports from China with hefty provisional tariffs, on top of the 10% duties already in place.
Beijing fiercely objects to the EU tariffs and has appealed to the World Trade Organisation, which Brussels has acknowledged and expressed confidence that its policies are compliant with WTO rules.
The commission unveiled a draft plan on Tuesday that would finalise the tariffs at slightly altered rates. It would be open to comments from interested parties by the end of August, and it would require EU member state approval by the end of October at the latest.
Major Chinese manufacturers would be subject to rates of 17.3% for market leader BYD (modified from 17.4%); 19.3% for Geely (modified from 19.9%); and 36.3 percent for SAIC (modified from 37.6%).
Other Chinese producers who worked with Brussels would pay a tariff of 21.3 percent, which was recently adjusted from 20.8 percent. Producers who did not would pay the highest possible duty of 36.3 percent.
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