The Labour government, which has committed to reinstating a 2030 deadline for phasing out latest ICE automobile sales, is coming under pressure to determine whether to follow the EU and US in raising duties on Chinese EV imports.
Britain’s business secretary Jonathan Reynolds is reported to be closely monitoring the situation and consulting with industry leaders on the subsequent steps after a gathering with EU trade commissioner Valdis Dombrovskis at a G7 ministers’ meeting on July 16.
“Any solution would should take the UK’s auto sector exports under consideration and be calibrated for the UK economy,” stated a government summary of the talks.
On June 12, the European Commission announced that it could apply provisional countervailing duties on Chinese-made EVs based on the outcomes of its nine-month investigation into the degrees of state subsidies received by different Chinese or China-based carmakers. This unfair support, it believes, leads to hefty distortions within the European market.
The move by the Commission followed a May 14 declaration by america which said it would increase tariffs on Chinese EVs and certain hybrids to 100% from August 1.
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