US, EU, and Turkey Impose Tariffs on Chinese Electric Vehicles
In a series of moves, the US, EU, and Turkey have imposed additional tariffs on Chinese electric vehicles (EVs) to counter growing concerns about China's heavily subsidised exports. The US was the first to implement a 100%+ tariff hike, followed by the EU's announcement of tariffs ranging from 17.4% to 38.1%. Turkey has now joined the list, implementing a 40% additional tariff on Chinese vehicle imports effective from July 7, 2024.
Turkey's decision comes amidst global worries about China's heavily subsidised EV exports. The EU had previously introduced additional tariffs at the end of 2024, which are already in effect from late 2024. These punitive tariffs target state-subsidized Chinese EV imports, aiming to protect domestic markets and support national automotive industries. The US was the first to take such action, imposing a significant tariff hike on Chinese EVs.
The US, EU, and Turkey have all implemented additional tariffs on Chinese electric vehicles, with Turkey's 40% tariff effective from July 7, 2024. These measures aim to safeguard domestic markets and promote national automotive industries, as concerns about China's heavily subsidised EV exports continue to grow.
Read also:
- Orioles' 2025 Turnaround Powered by Late-Season Pitching Acquisitions
- The Cost of Speech is Zero, True Strength Lies in Unity
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
