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Additional tariff on chinese car imports will have China doing the same on EU cars. Also most EVs in europe use batteries from China from the like of CATL & BYD.
China has a 15% tariff on all cars imported from Europe, plus a “luxury” tax for expensive cars, plus an engine tax, which caps out at 40% for the largest engines. Perhaps Europe should treat China the same way China treats Europe. It’s only fair.
Europe already has a 10% tariff on cars imported from China. Furthermore China is the 3rd largest market for EU car exports
https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/
Additional tariff on chinese car imports will have China doing the same on EU cars. Also most EVs in europe use batteries from China from the like of CATL & BYD.
https://www.bloomberg.com/news/articles/2023-10-11/china-s-catl-byd-dominate-ev-battery-market-as-demand-grows#xj4y7vzkg
China has a 15% tariff on all cars imported from Europe, plus a “luxury” tax for expensive cars, plus an engine tax, which caps out at 40% for the largest engines. Perhaps Europe should treat China the same way China treats Europe. It’s only fair.