Britain set to levy tariffs on Chinese electric cars, The Times reports
Ministers are drawing up levies to counter state-subsidised imports and protect UK carmakers as Chinese brands take a larger share of sales.
- On Sunday, The Times reported that Britain is preparing to impose import levies on Chinese electric vehicles to meet a key European Union demand and avoid exclusion from the "Made in Europe" scheme.
- Business Minister Jonathan Reynolds is drafting potential tariffs amid concerns Beijing is "dumping" subsidized vehicles into Britain, as EU officials worry the UK could become a backdoor for Chinese exports into Europe.
- Chinese electric vehicles grabbed 23% of new-car sales in Britain last September, accounting for nearly one in four cars sold; one popular SUV starting at around £30,000 has been dubbed the "Temu Range Rover" on social media.
- A British government spokesperson told Reuters that no tariffs have been imposed, stating, "We continue to engage closely with industry so that our approach reflects the sector's and UK's national interests."
- British Prime Minister Andy Burnham warned last month that excluding the UK from EU rules could damage its car industry, as officials fear retaliation against Jaguar Land Rover while prioritizing European manufacturing access.
104 Articles
104 Articles
In September, another model from China was the best-selling vehicle in the UK. The government seems to be planning countermeasures – such as tariffs.
UK considers 45% tariff on Chinese EVs to match EU policy
London is weighing import tariffs on Chinese electric vehicles to counter what British officials describe as significant state support that gives producers from the People's Republic of China a price advantage. Business Secretary Jonathan Reynolds is preparing a package of potential trade measures, with one option under consideration being a duty of up to 45%, matching the current approach of the European Union. The final decision on the size an…
Britain has put on its agenda a package of additional tariffs to prevent electric cars subsidized by the Beijing administration from entering the market. It is being discussed that the British government should equalize the EU's tax rate of 45 percent.
Britain set to levy tariffs on Chinese electric cars
The Times newspaper reported that business minister Jonathan Reynolds is drawing up a package of potential tariffs on Chinese vehicle imports. (EPA Images pic)LONDON: Britain is considering imposing tariffs on Chinese electric vehicle (EV) imports amid concerns that Beijing is flooding the market with state-subsidised cars, the Times newspaper reported on Sunday.Business minister Jonathan Reynolds is drawing up a package of potential tariffs on …
The UK Prepares To Match Europe's 45 Percent Chinese EV Tariff
The Jaecoo 7, namely a crossover produced by Chinese manufacturer Chery, has topped Britain's new vehicle sales chart. Putting a Chinese marque at the center of the market while ministers are weighing a 45 percent tariff on Chinese battery-electric vehicles is especially amusing, with said levy intended to bring the United Kingdom closer to the European Union's protectionist stance. Nothing has been imposed yet. The Times was fi... (continue rea…
Brussels is pushing London because subsidised cars from China could end up on the EU market. Now the British government seems to be moving.
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