How

Electric vehicles are fuelling the European Union’s trade tensions with Beijing. Beginning today, the European Union imposes tariffs of up to 37.6% on imports of electric vehicles made in China. There is a four-month window during which the tariffs are only provisional and intensive talks are expected to continue between the two sides.
The European Commission's provisional duties are designed to prevent a threatened flood of cheap EVs built with state subsidies. The EU anti-subsidy investigation has nearly four more months to run.
Once it’s done, the Commission could propose definite duties, typically applying for five years, on which EU members would vote. Tariffs will be different for different EV makers.. While China’s largest EV maker BYD will face duties of 17 per cent.
Geely will be taxed close to 20 per cent. Chinese state-owned firm SAIC will be taxed at the highest rate and these are on top of the EU's standard 10% duty on car imports.
Western carmakers exporting from China who the EU says have cooperated with the anti-subsidy probe will face the heat as well. Tesla and BMW will be subject to 20.8% tariffs.
The European Commission says the share of Chinese EVs in Europe could touch 15 per cent next year. And compared to EU models, the Chinese ones are about 20 per cent cheaper. The EU launched its anti-subsidy investigation into Chinese EVs last October.
Analysts say the EU tariffs will force companies using Made in China exports as their business model to reconsider that strategy. And look for other greener markets. And the tariffs won’t help European carmakers either. On the day, the EU announced higher tariffs, BYD opened an EV plant in Thailand, the automaker's first factory in Southeast Asia.
Thailand is the largest overseas market for BYD. The Thai government wants EVs to make up a third of cars produced there by 2030. BYD says its Thailand factory can make 150,000 EVs per year. It will also act as a hub for exports to ASEAN countries and beyond. On the day the EU tariffs came into force, China announced that it will hold an anti-dumping hearing on brandy imported from the EU on the 18th of July. The trade war is revving up, for sure.
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[@MetaView7]

They haven't seen anything yet.
*Wait till the far more superior Chinese wines are making their way, they will be shocked even more.*

[@dannyboy8850]

EU can't compete with Chinese EVs In terms of technological innovations, quality and price.

[@victorsvoice7978]

Tariffs hurt consumers. They stop innovation and competition.

[@dyrectory_com]

BYD factory in Thailand now. Soon a BYD factory in Hungary, Turkey and Mexico. Look it up. 🔔

[@EdmundLam-ku8ro]

Make in China 🎉🎉❤😂❤

[@whaddoiknow6519]

The basic allegation that we have been hearing since the time of Adam is that the Chinese are selling these vehicles (and many other goods) at a price less than the cost of making them. How can they keep doing that year after year? Wouldn't they have gone bust by now?

[@kreasifaunaindah2229]

Too simplistic view. Base on your undrestanding stated abv,the western car hv been over capacity since 1945.
India should do the same by over produce the TATA EV or ICV and see where you can sell or who will buy? Everyone in the world will love high tech car,good quality,fantastic design/model,cheaper price and low maintenance,irregardless of which country over produce them? Many people are queing up to buy.

[@mukeshkushwaha1621]

Over production and dumping ,
china's old strategies .
First build capabilities for own capacity and then increase it exponentially by government subsidies and help and then increase production more then demand in own country and then produce more product, more then demand , and then Dump at market , also you don't have to worry about profits bcoz your domestic market is enough. That extra product can be Dump at other market at once so price drastically goes down and you sell it in loss bcoz of china's CCP global strategies.

[@raymondwu9483]

That's a brilliant plan!

[@kevinlin4895]

So why don't you do it? I'd like to see you try!

[@raymondwu9483]

Are you replying to me?

[@Kai-ic4mp]

lol you sound incompetent, uneducated and ignorant

[@soonpohtay4794]

@@raymondwu9483to Mukesh…if it’s as easy as Mukesh says it…do it..😂😂😂