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CHINA-EU: Hungary Threatens EV Tariff Veto Despite Only QMV Being Needed

CHINA-EU
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(MNI) London - Wires carrying comments from Hungarian Foreign Minister Péter Szijjártó regarding tomorrow's EU vote on imposing permanent tariffs on Chinese-made electric vehicles. Szijjarto says that the tariff plans are "harmful and dangerous", and could "ritually kill European competitiveness". Claims that the tariffs would go against the interest of European car makers. Hungary has become one of the most vocal cheerleaders for China in the EU, running counter to Brussels' efforts to 'de-risk' its economy and supply chains by shifting focus away from trade and investment with Beijing. 

  • The minister says that Hungary will 'veto' the proposal. However, the 4 Oct vote does not require unanimity to pass, simply a qualified majority vote (where 55% of member states representing 65% of the EU population vote in favour). As such, Hungary is not in a position to veto the tariffs.
  • Reuters reported on 2 Oct that according to its sources, support would be "enough to push through the European Union's highest profile trade measures, risking potential retaliation from Beijing...France, Greece, Italy and Poland will vote in favour, officials and sources in those countries told Reuters. Together, they represent 39% of the EU population..." The gov'ts of Germany, Spain, and Czechia have yet to announce their position, raising the prospect of abstentions. 
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(MNI) London - Wires carrying comments from Hungarian Foreign Minister Péter Szijjártó regarding tomorrow's EU vote on imposing permanent tariffs on Chinese-made electric vehicles. Szijjarto says that the tariff plans are "harmful and dangerous", and could "ritually kill European competitiveness". Claims that the tariffs would go against the interest of European car makers. Hungary has become one of the most vocal cheerleaders for China in the EU, running counter to Brussels' efforts to 'de-risk' its economy and supply chains by shifting focus away from trade and investment with Beijing. 

  • The minister says that Hungary will 'veto' the proposal. However, the 4 Oct vote does not require unanimity to pass, simply a qualified majority vote (where 55% of member states representing 65% of the EU population vote in favour). As such, Hungary is not in a position to veto the tariffs.
  • Reuters reported on 2 Oct that according to its sources, support would be "enough to push through the European Union's highest profile trade measures, risking potential retaliation from Beijing...France, Greece, Italy and Poland will vote in favour, officials and sources in those countries told Reuters. Together, they represent 39% of the EU population..." The gov'ts of Germany, Spain, and Czechia have yet to announce their position, raising the prospect of abstentions.