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Post by Dan Dare on Jun 13, 2024 7:03:40 GMT
Will the UK follow suit?
“The European Commission has announced a surtax of up to 38% on electric cars produced in China, following an investigation into massive subsidies received by their manufacturers and constituting unfair competition. However, this measure divides the Member States. The European Commission has just presented the initial results of the investigation launched in autumn 2023 into suspicions of massive state subsidies to carmakers in China, which would explain their ability to sell their cars in Europe at prices well below those of local brands. The investigations uncovered subsidised loans, tax and banking advantages, land at knock-down prices, supplies of raw materials well below market prices and other various forms of aid specifically granted to several Chinese electric car manufacturers and their suppliers, at both national and local level. Based on the 1984 WTO Uruguay Round agreements on subsidies and countervailing measures, the Commission is responding by imposing a surtax on vehicles exported from China to the European Union. This measure follows action by the United States, which has just introduced a 100% tax on imported Chinese cars. It is intended to curb the commercial expansion of Chinese electric cars in Europe, to the detriment of the EU.” www.largus.fr/actualite-automobile/europe-la-surtaxation-des-voitures-chinoises-se-confirme-30034383.html#at_medium=email&at_emailtype=retention&at_campaign=fr_argus_veh_crm_etg_part_nl_240613_1shot |
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Post by steppenwolf on Jun 13, 2024 7:14:46 GMT
It's hard to see what else the EU can do. If they don't erect a tariff barrier China will control the world market in electric cars. If anything a 38% tariff isn't high enough.
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Post by Dan Dare on Jun 13, 2024 7:23:33 GMT
As the largest market outside the EU and the USA, the UK needs to something, otherwise it will quickly become the dumping ground of first resort for Chinese EV manufacturers.
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Post by Vinny on Jun 16, 2024 17:49:50 GMT
Nice to see them doing some good for once, credit where it's due.
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Post by steppenwolf on Jun 17, 2024 6:16:14 GMT
As the largest market outside the EU and the USA, the UK needs to something, otherwise it will quickly become the dumping ground of first resort for Chinese EV manufacturers. Indeed. But our govt policy currently is that 22% of new cars sold must be pure electric - and it gradually ratchets up until, in 2035, all have to be pure electric. Considering that sales of pure electric vehicles seem to be plateauing at about 15% this means that the only way that our car manufacturers can sell the petrol/diesel vehicles that buyers want is to market cheap Chinese vehicles. Stellantis is setting up a deal to do this in the UK. So we're actually forcing people to buy Chinese EVs. Crazy. |
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Post by Bentley on Jun 17, 2024 8:40:11 GMT
Why is it bad for the UK to buy EVs from China rather than import them from the EU or the US ?
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Post by Dan Dare on Jun 17, 2024 8:57:27 GMT
Becoming the dumping ground of choice for China's EVs will probably be the death knell for EV production in the UK. That may or may not be bad depending on your p.o.v.
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Post by Bentley on Jun 17, 2024 14:02:39 GMT
It’s a bit late to be concerned about cheap Chinese importers ruining UK businesses .
We used to make a lot of stuff here but chose to buy cheap Chinese stuff instead .
Why get jittery now ? You are 30 years too late .
Why worry about China selling cars to us when Germany, France, Korea and Japan are ‘ ruining ‘ our chances ?
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Post by patman post on Jun 17, 2024 15:51:38 GMT
It’s a bit late to be concerned about cheap Chinese importers ruining UK businesses . We used to make a lot of stuff here but chose to buy cheap Chinese stuff instead . Why get jittery now ? You are 30 years too late . Why worry about China selling cars to us when Germany, France, Korea and Japan are ‘ ruining ‘ our chances ? Exactly. UK companies hived off a lot of their manufacturing to China and lost control of their intellectual property rights in the process. Would the best ploy now be for the UK to put its effort into identifying, developing, and capturing a few specialised market segments that the rest of the world will need — like Taiwan has achieved with its chip design and fabrication…? |
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Post by steppenwolf on Jun 18, 2024 6:51:15 GMT
It’s a bit late to be concerned about cheap Chinese importers ruining UK businesses . We used to make a lot of stuff here but chose to buy cheap Chinese stuff instead . Why get jittery now ? You are 30 years too late . Why worry about China selling cars to us when Germany, France, Korea and Japan are ‘ ruining ‘ our chances ? I suppose it depends on whether the goods we're buying are "strategic" or not. In principle we should protect our own industry from "unfair" competition - and China is trading unfairly because it subsidises its industry and deliberately holds down the value of its currency. Admittedly Germany is also trading unfairly because of the euro. I have bought guitars made in China because they are spectacular value for money, but it's not a strategic industry. Th thing is that China kills off competition and then it raises prices when there's no alternative supplier. I suggest that it would be a very bad idea to allow China to kill important industries like car manufacture, steel etc. Having said that The UK govt has destroyed much of our strategic industry by raiding energy prices to levels that have made any industry that is heavily dependent on energy uneconomic. It's ridiculous that we're still trying to encourage EV battery production in the UK when it can't be done competitively. |
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Post by zanygame on Jun 18, 2024 7:33:47 GMT
Nice to see them doing some good for once, credit where it's due. UK will have to be careful in this, we are not big enough to act against China as the EU and US. |
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Post by zanygame on Jun 18, 2024 7:35:31 GMT
As the largest market outside the EU and the USA, the UK needs to something, otherwise it will quickly become the dumping ground of first resort for Chinese EV manufacturers. Indeed. But our govt policy currently is that 22% of new cars sold must be pure electric - and it gradually ratchets up until, in 2035, all have to be pure electric. Considering that sales of pure electric vehicles seem to be plateauing at about 15% this means that the only way that our car manufacturers can sell the petrol/diesel vehicles that buyers want is to market cheap Chinese vehicles. Stellantis is setting up a deal to do this in the UK. So we're actually forcing people to buy Chinese EVs. Crazy. Our manufacturing industry disappeared long before climate change. That said our service sector does very nicely. |
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Post by Vinny on Jun 18, 2024 7:35:58 GMT
Nice to see them doing some good for once, credit where it's due. UK will have to be careful in this, we are not big enough to act against China as the EU and US. We are in a position to set an example for others to follow, just like we did with aid to Ukraine. |
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Post by Dan Dare on Jun 18, 2024 8:12:23 GMT
Our manufacturing industry disappeared long before climate change. That said our service sector does very nicely. Problem is though the service sector accounts for over 80% of the UK economy and you can't export haircuts or beauty treatments. |
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Post by Deleted on Jun 18, 2024 9:42:45 GMT
UK will have to be careful in this, we are not big enough to act against China as the EU and US. We are in a position to set an example for others to follow, just like we did with aid to Ukraine. Setting the example, as in, following America's orders. |
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