No 10 leaves option open to impose Chinese EV tariffs if UK joins EU scheme
Source: The Guardian ·
Beijing warns against ‘discriminatory’ step after France drops opposition to British role in Made in Europe packageNo 10 has left the door open to imposing tariffs on Chinese-made electric vehicles as part of the Made in Europe package, prompting a warning from Beijing that such a move would be “discriminatory”.Downing Street said on Friday that it would “welcome the objective to have the UK…
From the source
No 10 has left the door open to imposing tariffs on Chinese-made electric vehicles as part of the Made in Europe package, prompting a warning from Beijing that such a move would be “discriminatory”. Downing Street said on Friday that it would “welcome the objective to have the UK included in the Industrial Accelerator Act” after France dropped its opposition to Britain joining the scheme. The aim of the rules is to curb subsidised Chinese imports by giving EU-made products preferential treatment, but the UK and others such as Norway are worried about being left at a disadvantage if excluded from the scheme. The price for joining would be aligning with the EU’s tariffs on Chinese EVs imposed by the bloc in 2024, according to a Franco-German proposal on Thursday night that said the UK would have to dynamically align with EU trade defence measures. The Chinese embassy in London said it was “firmly opposed to any discriminatory practice involving tariff hikes or restrictive measures on…