EU's new tariffs on Chinese EVs set to kick in on Jul 4

Рет қаралды 22,023

4 күн бұрын

Trade tensions are simmering between China and the European Union as the bloc's provisional duties of 37.6 per cent on Chinese-made electric vehicles (EVs) come into effect tomorrow. CNA's Olivia Siong has more on the latest reactions from Beijing, while Will Denselow reports from Brussels on possible repercussions that the European companies fear.

Пікірлер: 201

@vincecarlo 2 күн бұрын

Those Tariffs are NOTHING Compared to Taxes on ALL cars in Singapore; Import Tax, ARF, Registration, COE Alone is ~$100k

@xxoo-lp6vc 2 күн бұрын

😂And still a cheap car, no girl has interest.

@yaoyichenvictoriasch7014 2 күн бұрын

At least it is arbitrary to all cars, no bias here.

@Baf99 2 күн бұрын

Unable to compete, then impose tariff and conservative measures

@vl2010 Күн бұрын

Can you get a brain before commenting? The Chinese Government HEAVILY SUBSIDIZING the Chinese companies gives it unfair to companies in the West. Now the West is getting smart and subsidizing their companies like the CHIP ACT in the US. Suddenly the Chinese tech companies cannot compete in this field

@ybbvllc 12 сағат бұрын

I can see marathons runner-ups telling the officials to remove the winners for next year so that they have a better chance of winning. Go competition, improvement, and innovation!

@229andymon 2 күн бұрын

What’s the difference between “overcapacity” and export capacity?

@raymondwu9483 Күн бұрын

The country doing it.

@polysporin8332 2 күн бұрын

Overproduction is a nonsense statement. Every country overproduces. if they did not over produce, how can they export any goods. time for China to impose tariffs on EU electrical and electronic equipment. 21% of China imports. mineral fuels, and distillation products. 20% Machinery 7%, precious metals, jewellery, and luxury products 5% the majority of imports are the above. foods and wines are just a minor import less than 2%.

@joetran8798 2 күн бұрын

And that would trigger a trade war. If you are producing so much of a product that you cannot use, then you're overproducing. China has a habit of flooding a market with a given product that bottoms the price and destroys a market. Steel is a good example of this. In the early 2000s China overproduced steel and then flooded global markets with it and many countries had to apply tariffs to it to protect their markets.

@jamesl2590 2 күн бұрын

If you are a worker in an EU carmaker company, you won't be making such naïve statement. Every country government has to be answerable to their constituents or citizens' livelihoods etc. I guess you are a Singaporean and free trade definitely benefits us because our domestic production is limited. Its a different matter for other larger economies. Put yourself in EU shoes like how you embrace China.

@genbond7459 2 күн бұрын

@@joetran8798... Do you understand what is Economies of Scale? A country like China with 1.4 billion hardworking, intelligent people has the advantages of Economies of Scale in a Capitalist Free Market Economy! No country produces just enough for their own needs. As an example a small country like Singapore can never overproduce no matter how hard and willing it tries!

@polysporin8332 2 күн бұрын

@@jamesl2590 that is what negotiations is for. EU does not speak for German industry. Germany gave up their sovereignty by joining the EU. These unelected politicians in Brussels decide for you.

@the0neObserver 2 күн бұрын

@@jamesl2590 Germany with only 98 millions people can export 3.1M vehicles, while china with 1.45 Billion people only exporting 4M vehicles. Who has the overcapacity? If EU is being taxed like china then the effect is only 98 million people, but with china it will effect 1.45 Billions of people. Whose shoes should you put yourself in?

@genaldgalicia5834 Күн бұрын

I thought it's a climate emergency? Why are you making EVs more expensive?

@meriliu8688 2 күн бұрын

CCP:"I still monopolised Clothing, Household appliances, electronics, toys (lego, dolls, many more), Mobile & console games, machineries, and many more!"😂

@khagendradmagar 2 күн бұрын

western democrats :" our market is open and free"

@jreyfortich 2 күн бұрын

CCP: All our products breaks a day after warranty expires 😁

@genbond7459 2 күн бұрын

@@jreyfortich... Ahhh ... that's the exact attitude China is happy to see the Europeans have duh!

@user-dt7rr4ot1b 2 күн бұрын

@@jreyfortich Democrats: We have a rocket leak! There's a leak in our spacesuit! Our astronauts can't return to Earth! Republican: No! Our rocket proved to be perfect when we landed on the moon in Hollywood!

@Just_another_Euro_dude Күн бұрын

@@jreyfortichBefore the warranty. 😅 And MUCH before.

@Zergcerebrates 2 күн бұрын

😂 China is already ahead with their new factories in Hungary, EU can’t tariff Chinese EVs made within the EU.

@ericphua2359 2 күн бұрын

China can focus on African markets.

@SK-lt1so 2 күн бұрын

😂😂😂

@johnreton696 2 күн бұрын

Africa barely have charging stations

@genbond7459 2 күн бұрын

Africa has a lot of Solar Power duh!

@banditsw11 2 күн бұрын

😂😂😂😂 how much are you wumaos being paid to talk this nonsense

@tooltalk 2 күн бұрын

🤣🤣🤣🤣🤣 just have to wonder.. how many charging stations in Africa?

@mssv19123 2 күн бұрын

Tariff is a form of "weakness".....Africans are driving modern EVs while Europeans buying more expensive one. The standard of living reversing....

@Fish_Ventura 2 күн бұрын

Not a fact

@asphyxiafeeling 2 күн бұрын

Europe and the US have existing auto industries that need to be protected. Remind me what cars Africa makes... Countries do this with their domestic industries. It doesn't matter if it's vehicles, garments, or agriculture. This is trade 101. You are either purposefully being obtuse for political purposes or are truly ignorant.

@huhwhatjason 2 күн бұрын

@@Fish_Ventura Ethiopia is set to ban ICE car imports and only allow EVs. You can google this yourself. Ethiopia is no longer beholden to price fluctuations in the oil market and ends up with much less pollution to boot. Win-win!

@jackaln9917 2 күн бұрын

Yea head to Africa, they really need cheap unwanted chinese made products. Good for the people with few means but bad for African small business.

@Just_another_Euro_dude Күн бұрын

Of course. 😂😂😂😂😂 EU will risque 12 MILLION of jobs in it's car industry cause of China. No thanks. African standard? 😅😅😅😅😅😅 Mediterranean sea is full of African standard. Give me break. Africa doesn't even shine at night sky cause there's no electricity anywhere. 😂😂😂😂 Legendary Africans standard of living. Ahahahahahahha 😂😂😂😂😂 Like elections in China. It doesn't exist.

@DanBurgaud 2 күн бұрын

Reciprocate: Impose 100% on EU products.

@tooltalk 2 күн бұрын

Europe just countered China's illegal subsidies with tariff. And you think China could "reciprocate"?

@Just_another_Euro_dude Күн бұрын

So why aren't they doing it bot? Oh, not so easy after all, huh?

@mguendumiguel9523 Күн бұрын

Yes PUT TARIFSS TO NVIDIA chips 🤣🤣😍😍🤣

@ybbvllc 13 сағат бұрын

We should be celebrating affordable "green" vehicles that are better in general for people and the environment. Apply tariffs on everything that political officers own and reduce their salaries to minimum wage. Then we can sit back and observe their decision making and behavior. The people we elect to make decisions for us are out of touch with their own constituents.

@louistan7560 2 күн бұрын

This years' Independence Day is truly memorable and can only happen through orchestration.

@fern8580 2 күн бұрын

A magnificent opportunity for Africans/Russians/Hindus to buy Chinese cars! Thank you Europe, you free up production capacities for others.

@Aurica34 2 күн бұрын

Why would India buy Chinese cars? They hate the Chinese

@PeterSedesse 2 күн бұрын

It will be great. If you buy one that is fully charged, you will get about 250 miles on it before it becomes a brick because there are no charging stations.

@freemanol Күн бұрын

@@PeterSedessesalty eh

@fern8580 Күн бұрын

@@PeterSedesse And the Russian, Chinese and Hindu oligarchs will be happy to make you pay dearly for Kw/h, welcome to the brics abusers.

@Just_another_Euro_dude Күн бұрын

We got 12 MILLION jobs to protect in the EU's car industry. There's nothing to protect in vasals of China, like Russia, India, Africa. Places that are heavily underdeveloped. And ask China if they are happy about markets of Russia, India and Africa, instead of the market of the EU. Btw EU got bigger GDP than Russia, India and Africa combined. Russia, India and Africa COMBINED are not even HALF of the of EU's GDP. 😊😊😊😊😅😅😅😅😅😂😂😂

@cb250nighthawk3 2 күн бұрын

The problem is not China's overcapacity. It's the West's undercapacity; that's the huge problem.

@user-iw2gj9gk4j 2 күн бұрын

Doesn’t financial sector’s monopolies gives unfair advantage to Americans? Shouldn’t china Russian Asian and Africans decouple themselves from unfair practices? 🤔

@Aapig 2 күн бұрын

The good days of the European people are coming, thanks to the European governments

@amjedali5164 2 күн бұрын

VW group which owns Porsche, Bently, Lamborghini, Bugatti, Audi, Skoda and others make 55% of their profit from the Chinese market, remember every 3rd new car sold on the planet is in China. The Chinese cars in 2024 of which there are 300 plus car brands make amazing cars, my personal daily driver which I have had for 5years now has had 0 problems and still solid yet my Mercedes E53 AMG that I purchased 1 months earlier in the past 5years has been back for repairs 7 times already even though my Chinese MG HS has done 163,000kms and my Mercedes only has 26,000kms.

@freemanol Күн бұрын

People who still buy mercedes are stuck with old stereotypes that german cars are good and reliable. These days they are the worst purchases one could buy. A money drain

@willeisinga2089 18 сағат бұрын

4 of July is Independence Day. Tariffs is Taxes. Easy Money for the Government. The Consumer Pays the Price. We Pay more Taxes. Not so the Chinese. 😂😂😂 Chinese Government serves its People well. ❤.👍🌹🌹🌹

@yaphonghor4409 2 күн бұрын

Why CNA has never talked about overcapacity of Japanese and German car sales in the world for decades? This also includes America export of cokes, fast food, apparels, credit cards, jet and etc in the overcapacities of US?

@MasterLeong888 2 күн бұрын

green dragon lets go

@Milky-Space06 2 күн бұрын

Who would love to pay triple for similar car😂

@filledwithvariousknowledge2747 19 сағат бұрын

It’s insane. It shows the EU makers aren’t willing to allow foreign competition apart from certain allies in Asia like Japan and South Korea

@ObscureSampology 2 күн бұрын

What a monopoly on the market .. 🤔

@cb250nighthawk3 2 күн бұрын

What monopoly? Tesla is the number 1 EV in the world. No? 🤞

@wesleyclayton1168 Күн бұрын

China has to impose tariffs on all EU products and stop cooperation on climate cha nge , otherwise more bullying and containment policy is on the cards

@vl2010 Күн бұрын

Get a brain ... It's not containment policy. It's the policy of jobs in Europe. Imagine if the European was HEAVILY SUBSIDIZING their companies then these companies export to China wiping out local Chinese job.. How do you think China Government would react? Please get a brain before commenting and everything is about Chinese inferiority complex.

@user-gc1ss1qr1t 3 сағат бұрын

What does "kick in" means?. Using boots to effect something?.

@channelsold3236 2 күн бұрын

"Electric trade war" 💸 💰 🤑 💲

@seld.merachannel9355 2 күн бұрын

World need to warning this Chinese over making products

@BabaYaga826 2 күн бұрын

Just admit your country incompetent against China.

@user-bw8sp8cd9s 2 күн бұрын

Learn some basics of economics before saying things like the flow who don’t have a brain

@aj2228 2 күн бұрын

hahaha, while cost of living is rising and people can't afford anything, your government is worried about "overcapacity". think for yourselves.

@chenghonggoh4746 2 күн бұрын

@@aj2228 Actually based on your point, I am happy for the Chinese. They are enjoying deflation now.

@Verifyourage 2 күн бұрын

Government subsidies for clean energy. Tarrifs for Chinese Evs. That's Beauracracy for ya.

@Glance852 2 күн бұрын

So what about green energy and climate control? I’m so confused… so no one is cared for pollution right cause the topic is “out of date” or “unprofitable”? Huh?!

@Just_another_Euro_dude Күн бұрын

EU didn't want to ruin 12 MILLION jobs in it's car industry. Who would have thought? Really rude from the EU. They should have just let it happen and not acted at all. 😅😅😅😅 Like they did with the media tech many years ago. Nokia, Siemens, Philips, Alcatel, etc. When EU's Nokia used to be number 1 name in the whole world by far. Then they just sold everything to USA and Hong Kong and China. And now EU depends on good will of the FOREIGN companies regarding the data and privacy of IT'S OWN CITIZENS. Brilliant. Naivity of the EU already costed it a lot.

@ongsengfook 2 күн бұрын

China shouldn't buy cognac, wine, luxury goods from Prada, LV etc. Increase tariff on European cars.

@apsmith1635 Күн бұрын

Should have been 100%

@coolguy007171 Күн бұрын

China should impose 50% tariffs on all EU products.

@deschan2246 2 күн бұрын

EU n US 👍👍👍

@DT-hc4vp 2 күн бұрын

Looking forward to seeing the retaliatory trade measure from the CCP😅

@JBear-in1ql Күн бұрын

Of course China subsidizes most of their key industries because it operates under a socialist system, where technically the means of production and distribution is managed and controlled by their society as a whole. Our capitalist system in the west is also heavily subsidized by the exploitation of labour and public tax dollars. If both systems are exploitive, then we should not be afraid to compete openly without constantly crying foul and putting up barriers.

@devildevil2271 2 күн бұрын

Well... Chinese loves the US Israel EU, so there's nothing to worry

@jiraiya86 2 күн бұрын

Antonio Costa def bribed

@mejiger 5 сағат бұрын

Let us Africans and Latin Americans buy Chinese cars

@johntwohy8337 2 күн бұрын

Is EU acting in the interests of the European car makers?

@RationalQuestions 2 күн бұрын

Nope, but the car makers have their own interests and not for their own country

@xxoo-lp6vc 2 күн бұрын

need to follow papa U$ policy😅

@xxoo-lp6vc 2 күн бұрын

EU leader....an asset of the empire

@johntwohy8337 2 күн бұрын

@@RationalQuestions Govt preventing local businesses from making profits. Way to go.

@dilshandabarera3408 2 күн бұрын

China loves and trusts Europe and vice versa, the world is talking too much and can we see the actions 😂😂😂😂😂😂😂😂😂😂

@BrandyHeng007 2 күн бұрын

Tariffs Wars

@Golla_Street Күн бұрын

EU s move is kinda Jerk move.

@wesleyclayton1168 Күн бұрын

German cars and EU pork will be hit hurt

@MyVoice-bn1vj 2 күн бұрын

eu against China but China can not down, again growth rise China more interest we all support with China new global economic new world order, kick out old dollars old economy, now we want new currency new global economics

@Fish_Ventura 2 күн бұрын

Dreams are free, enjoy yours

@genbond7459 2 күн бұрын

@@Fish_Ventura... It's already happening. Why do you think the West is crying a river over China Re-Arising as Lee Kuan Yew called it?

@jreyfortich 2 күн бұрын

EU should really ban these low quality, unsafe Chinese plastic cars

@rcdizo 2 күн бұрын

every country should ban these junk chinese EVs

@2KSnSLifestyle 2 күн бұрын

@@rcdizoChina should ban all EU farm products and destroy the EU farm industry.

@cb250nighthawk3 2 күн бұрын

You can go buy some other plastic car from Detroit. 😂😂😂

@mguendumiguel9523 Күн бұрын

@@cb250nighthawk3buy MEXICAN CARS very good quality ...

@rcdizo 2 күн бұрын

name one china product that is decent.

@Fish_Ventura 2 күн бұрын

Covid-19?

@waichungsham1578 2 күн бұрын

DJI drones they have over 70% marketshare on drones if they were bad they could never be the best selling drone on the market

@bingbing3464 2 күн бұрын

Greatwall power supplies (corsairs, asus rebrand) they're the best in the market.

@aj2228 2 күн бұрын

EVs. apparently they are so good, the EU needs to put tarrifs on them

@kudajingkrak4919 2 күн бұрын

Dji Action cam and Insta360 cam simply is just the best.

@mnblkjh6757 Күн бұрын

👍🙂

@PutraMing 2 күн бұрын

😂😂😂😂 Who cares

@angelosupsup3726 2 күн бұрын

I'm surprised and shocked by Indonesian to increase tariffs. Only in ASEAN has this leadership?

@leecheesoon3346 2 күн бұрын

4 categories only, vietnam was included as well

@Fish_Ventura 2 күн бұрын

Don’t be surprised,, “Chinese fishing vessels and illegal fishing” this is payback

@angelosupsup3726 2 күн бұрын

@@leecheesoon3346 really Vietnam too?

@polysporin8332 2 күн бұрын

Indonesia impose tariffs on cheap textiles and clothing, like Tshirt. don't get too excited.

@rickjames18 2 күн бұрын

Don't be shocked, more countries will follow. Indonesia is not dumb. All these fake accounts are just laughable.

@joshuahechanova4856 2 күн бұрын

boycott chinese product

@cb250nighthawk3 2 күн бұрын

You are welcomed to try. It's impossible.

@nftyninja Күн бұрын

What did you use to post this comment? 😂

@ArabicReja973 2 күн бұрын

The future of Chinese 🇨🇳 electric cars in Europe is uncertain due to *overcapacity,* a kind word for dumping. Most Chinese cars "exported" to Europe are still *parking at European ports without a buyer,* turning the ports into huge long-term parking lots, a similar scene to the Bike Share program in China.

@pangrenxuan9274 2 күн бұрын

anyone concerned chinese labor 896 a week, work 70 hours week.

@DT-hc4vp 2 күн бұрын

It’s absolutely anti-humanitarian

@joetran8798 2 күн бұрын

Everyone is learning. China has a habit of flooding a market with a given product, often heavily subsidized, then gets tariffs imposed against them. Then once those markets are unprofitable to them, they take that consignment and further flood other markets. So to protect themselves, everyone else needs to raise tariffs. If the CCP is so concerned about the tariffs, why not take away some of the subsidies? Or would that make the EVs unprofitable to the point that manufacturers wouldn't want to make them?

@bingbing3464 2 күн бұрын

CCP isnt concerned about the tariffs, it doesnt affect them one bit as it will be paid by eu consumers and chinese EV will still be able to be priced lower. Rather it was a trust that theyve built with german automakers as the so called subsidies actually benefited VW, AMG, BMW etc as well. Remember, 55% of VW revenue is from china sales alone. This overcapacity and subsidies are bullshit, western countries subsidizes their semi conductor sectors too and currently monopolizes the market. They should just call it a tradewar because china is overtaking them in global influence, no need fancy words.

@aj2228 2 күн бұрын

haha white boy. with all the inflation and unaffordability crisis, you should be more worried about undercapacity than overcapacity. in western media, it seems every day there is a new invented word that tells you who the hate. I studied economics for 6 years. "overcapacity" is not an economic term. it's invented.

@joetran8798 2 күн бұрын

@@bingbing3464 Germany has a habit of relying one source to the point where one of these days they will get in trouble. Oil/gas and Russia... now this. Who knows what's next for them. The car companies will definitely feel the pain if there are tariffs. That said, others are seeing how the CCP reacts and how they like to use economic coercion. The various african governments either think they can tip toe through the issues (unlikely) or have types of political governance that skew towards authoritarian tendencies for the most part. Unfortunately that leads them vulnerable to exploitation (eg BNR but likely also for the new western version as well) to certain governments of both persuasion. If they're smart, they'd partner with moderate middle powers and build up from there..

@celanian8188 Күн бұрын

On a per car basis, the Chinese subsidies are trivial. BYD, the top Chinese EV car maker had subsidies of $3.7B USD over 4 years and they sell 3M cars a year. So the subsidies amount to about $300 a car. Just a rounding error when talking about car prices. If the EU thinks subsidies are an issue, there's nothing stopping them from subsidizing their cars just like they already heavily subsidize their agricultural industry. In fact, I'm pretty sure existing EU auto subsidies are already well over $300 USD per car.

@joetran8798 Күн бұрын

@@celanian8188 EU didn't tariff BYD as much as some of the others. Roughly half of what the others got.

@roubini74 2 күн бұрын

EU doing what it need to survive. without the automotive market, Germany, france, italy economy is half dead. EU use to be doing good sales in China and china selling alot to EU. But that has since reverse with EU selling less to China and China speeding exports to EU. It not balance trade. thus tarriffs. EU is agreeing with Trump.