EU votes in favour of hefty tariffs on China-made EV imports
LONDON, Oct 4 (Reuters) -The European Commission said on Friday it had received enough support in a vote of EU members to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc's highest profile trade case, risking retaliation from Beijing.
Here is reaction to the news:
SWEDEN'S MINISTER FOR FOREIGN TRADE BENJAMIN DOUSA:
"We have had very positive signals just recently from the Commission that they hopefully could go ahead with individual solutions for the auto industry and for Volvo Cars specifically."
"Sweden's line is that the best thing would be that China and the EU together can come to an agreement in relation to this problem."
HUNGARIAN PRIME MINISTER VIKTOR ORBAN:
"What they are making us do right now, or what the EU wants to do, is an economic cold war."
BMW BMWG.DE CEO OLIVER ZIPSE:
"Today's vote is a fatal signal for the European automotive industry. What is needed now is a quick settlement between the EU Commission and China to prevent a trade conflict from which no one gains."
"The fact that Germany voted against the tariffs is an important signal and increases the chances for a negotiated settlement."
VOLKSWAGEN VOWG_p.DE:
"We stand by our position that the planned tariffs are the wrong approach and would not improve the competitiveness of the European automotive industry."
"We appeal to the EU Commission and the Chinese government to constructively continue the ongoing negotiations for a political solution."
GEELY HOLDING GEELY.UL:
"Geely Holding expresses great disappointment in the Commission's decision. The decision (...) is not constructive and may potentially hinder EU-China economic and trade relations, ultimately harming European companies and consumer interests."
SAIC 600104.SS UNIT MG MOTOR FRANCE:
"Today, the European Commission is planning to excessively tax the 100% electric vehicles offered by MG in France, thereby slowing down the transition to more virtuous individual mobility which the same Commission has called for by 2035."
"Faced with this situation, MG Motor France has decided not to penalise its customers in 2024, and to maintain the list prices of its 100% electric models, the only ones affected by the vote on Friday October 4, without even waiting for the result."
Reporting by Reuters reporters
Compiled by Josephine Mason; editing by David Evans
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