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CHINA-EU: Permanent Tariffs On EVs Pass 10 Votes To 5, 12 Abstentions

CHINA-EU
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The EU Commission will be enabled to impose sizeable tariffs on Chinese-made electric vehicles for a period of five years after member states approved the measures by 10 votes to five, with twelve abstentions. 

  • The measures had widely been expected to pass, given the support from France, Italy, Poland and Greece. However, Germany's 'no' vote shows the significant divisions still evident within the bloc. Hungary, seen as a keen cheerleader for China in the EU, was a stated no vote before the decision, while Sweden announced its abstention earlier this morning.
  • As Politico reports, "The result is going to set the course for the EU’s relationship with China for the next five years, with the bloc bracing for Beijing’s response. China’s “measures are ready for tomorrow. We’ll face all kinds of retaliations, let’s be clear about it,” a senior EU diplomat told  [Politico]. Beijing has sent mixed signals in recent days, oscillating between threats to launch probes into EU products and appearing satisfied with Brussels’ plan to keep exploring options like a minimum price for China’s EVs even after today’s tariff vote. "
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The EU Commission will be enabled to impose sizeable tariffs on Chinese-made electric vehicles for a period of five years after member states approved the measures by 10 votes to five, with twelve abstentions. 

  • The measures had widely been expected to pass, given the support from France, Italy, Poland and Greece. However, Germany's 'no' vote shows the significant divisions still evident within the bloc. Hungary, seen as a keen cheerleader for China in the EU, was a stated no vote before the decision, while Sweden announced its abstention earlier this morning.
  • As Politico reports, "The result is going to set the course for the EU’s relationship with China for the next five years, with the bloc bracing for Beijing’s response. China’s “measures are ready for tomorrow. We’ll face all kinds of retaliations, let’s be clear about it,” a senior EU diplomat told  [Politico]. Beijing has sent mixed signals in recent days, oscillating between threats to launch probes into EU products and appearing satisfied with Brussels’ plan to keep exploring options like a minimum price for China’s EVs even after today’s tariff vote. "