logo
ES EN

Editorial: La Vanguardia

  • Chinese electric cars dominate the European market due to their lower cost and similar quality.
  • The Chinese growth poses a threat to the European automobile industry in its transition towards electric mobility.
  • There is a risk of a trade war between the European Union and China.
  • The European Commission discovered that state subsidies are the cause of the Chinese competitive advantage.
  • To balance the competition, a duty of up to 35.3% was proposed on Chinese imports.
  • The decision about the implementation of the tariffs was not ratified by the majority of the EU countries.
  • The European Commission holds the power to implement the tariffs for five years but wishes to exhaust negotiations.
  • The lack of unity in the EU weakens its negotiating position.
  • A trade agreement with China before September 30 is crucial to avoid a trade war.

Conclusion: The EU faces a critical choice between implementing protective tariffs or subsidizing electric vehicle manufacturing to safeguard the automotive industry and Europe's future of electric mobility.