No 10 leaves option open to impose Chinese EV tariffs if UK joins EU scheme
Summary
The UK government is considering joining an EU-led plan called the Made in Europe package, which aims to protect European car makers by setting tariffs on Chinese electric vehicles. If the UK joins, it may have to apply similar tariffs on Chinese EVs, but China has warned this would be unfair and against trade rules.Key Facts
- The Made in Europe package is a new EU plan to limit cheap Chinese electric vehicle imports by giving EU-made cars better treatment.
- The UK wants to join the plan to avoid losing trade in the car industry with the EU.
- Joining the plan may require the UK to align with EU tariffs on Chinese EVs starting in 2024.
- The UK government has not yet confirmed if it will impose tariffs but is reviewing trade policies and talking with the British car sector.
- China’s embassy in London opposed any tariffs or restrictions on Chinese products and called such moves discriminatory.
- Chinese EV brands like BYD, Chery, and Changan are growing rapidly in market share.
- About 80% of UK-made cars are exported, with more than half going to the EU and 6% to China.
- EU lawmakers are expected to finalize the Industrial Accelerator Act by late 2026 or early 2027, which could include the UK if it agrees on trade measures.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
