SHANGHAI, June 20 — Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels’ curbs on exports of Chinese-made EVs, the state-backedIn a closed-door meeting on Tuesday also attended by European car companies, China’s auto industry “called on the government to adopt firm countermeasures suggested that positive consideration be given to raising the provisional tariff on gasoline cars with large-displacement engines,” according to...
“Against the background of globalisation and the economic interdependencies of our time, the motto for securing prosperity and peace is: Dialogue and constructive cooperation. We are counting on the efforts of politicians to continue this dialogue.” EU trade policy is turning increasingly protective amid concerns that China’s production-focused, debt-driven development model could see the 27-member bloc flooded with cheap goods, including electric vehicles, as Chinese firms look to boost sales overseas due to weak demand at home.
“We can see that China has adopted a package of policies to solve the ‘overcapacity’ problem, so this year, next year, and into the next four years, China’s capacity utilisation will continue to rise,” he added.first reported late last month that a Chinese government-affiliated auto research centre was suggesting China raise its import tariffs on imported gasoline sedans and sport utility vehicles with engines larger than 2.5 litres to 25 per cent, from the current rate of 15 per cent.
China accounts for about 30 per cent of German carmakers’ sales, and Germany is by far the largest exporter of vehicles with engines of 2.5 litres or above, having shipped US$1.2 billion worth to China since the beginning of this year, Chinese customs data shows.
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