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EU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles

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technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730247577,"share":"https://ttm.financial/m/news/2479262925?lang=&edition=fundamental","pubTime":"2024-10-30 08:19","market":"us","language":"en","title":"EU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles","url":"https://stock-news.laohu8.com/highlight/detail?id=2479262925","media":"Reuters","summary":"The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliati","content":"<html><head></head><body><p>The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.</p><p>Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> to 35.3% for China&#39;s SAIC, on top of the EU&#39;s standard 10% car import duty.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3342642adc28db7268395abeb126bf71\" tg-width=\"503\" tg-height=\"186\"/></p><p>The extra tariffs were formally approved and published in the EU&#39;s Official Journal on Tuesday, meaning they will take effect on Wednesday.</p><p>The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.</p><p>It says China&#39;s spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.</p><p>The China Chamber of Commerce to the EU said it was profoundly disappointed by the &#34;protectionist&#34; and &#34;arbitrary&#34; EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.</p><p>Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0885f64e2db6a5e9fcef0baada0939d4\" title=\"The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.\" tg-width=\"1420\" tg-height=\"1300\"/><span>The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.</span></p><p>It has also challenged the EU&#39;s provisional measures at the World Trade Organization.</p><p>European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands&#39; share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d60642f67374d07d452ba21bc67a172\" title=\"The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.\" tg-width=\"1420\" tg-height=\"950\"/><span>The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.</span></p><p>The EU&#39;s stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.</p><p>Germany, the EU&#39;s biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.</p><p>Germany&#39;s economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.</p><p>&#34;The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,&#34; the spokesperson added.</p><p>German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.</p><p>The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a80916cf9c8bfc66eece3673a1b5471\" title=\"The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.\" tg-width=\"1420\" tg-height=\"2176\"/><span>The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.</span></p><p>Hungarian Prime Minister Viktor Orban said the EU was headed for an &#34;economic cold war&#34; with China.</p><p>However, France&#39;s PFA car association has welcomed duties, adding it backed free trade as long as it was fair.</p><p>The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.</p><p>The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were &#34;significant remaining gaps&#34;.</p><p>It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.</p><p>In the first nine months of 2024, China&#39;s EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/72d31f72b829d99ec3275c28946b6d5e\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"680\"/><span>Reuters Graphics</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-10-30 08:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.</p><p>Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> to 35.3% for China&#39;s SAIC, on top of the EU&#39;s standard 10% car import duty.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3342642adc28db7268395abeb126bf71\" tg-width=\"503\" tg-height=\"186\"/></p><p>The extra tariffs were formally approved and published in the EU&#39;s Official Journal on Tuesday, meaning they will take effect on Wednesday.</p><p>The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.</p><p>It says China&#39;s spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.</p><p>The China Chamber of Commerce to the EU said it was profoundly disappointed by the &#34;protectionist&#34; and &#34;arbitrary&#34; EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.</p><p>Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0885f64e2db6a5e9fcef0baada0939d4\" title=\"The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.\" tg-width=\"1420\" tg-height=\"1300\"/><span>The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.</span></p><p>It has also challenged the EU&#39;s provisional measures at the World Trade Organization.</p><p>European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands&#39; share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d60642f67374d07d452ba21bc67a172\" title=\"The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.\" tg-width=\"1420\" tg-height=\"950\"/><span>The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.</span></p><p>The EU&#39;s stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.</p><p>Germany, the EU&#39;s biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.</p><p>Germany&#39;s economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.</p><p>&#34;The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,&#34; the spokesperson added.</p><p>German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.</p><p>The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a80916cf9c8bfc66eece3673a1b5471\" title=\"The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.\" tg-width=\"1420\" tg-height=\"2176\"/><span>The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.</span></p><p>Hungarian Prime Minister Viktor Orban said the EU was headed for an &#34;economic cold war&#34; with China.</p><p>However, France&#39;s PFA car association has welcomed duties, adding it backed free trade as long as it was fair.</p><p>The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.</p><p>The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were &#34;significant remaining gaps&#34;.</p><p>It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.</p><p>In the first nine months of 2024, China&#39;s EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/72d31f72b829d99ec3275c28946b6d5e\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"680\"/><span>Reuters Graphics</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4574":"无人驾驶","BK4551":"寇图资本持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK0175":"白马股","BK4581":"高盛持仓","NIO":"蔚来","09868":"小鹏汽车-W","BK0183":"MSCI概念","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4511":"特斯拉概念","BK0169":"共享汽车","09866":"蔚来-SW","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4099":"汽车制造商","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK0196":"行业龙头","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK0020":"浦东新区","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","02015":"理想汽车-W","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1146622755.USD":"安本中国A股股票基金A Acc","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LI":"理想汽车","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","BK0072":"苹果","BK4555":"新能源车","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2063271972.USD":"富兰克林创新领域基金","TSLA":"特斯拉","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","XPEV":"小鹏汽车","NIO.SI":"蔚来","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK0264":"汽车制造","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4550":"红杉资本持仓","BK0070":"员工持股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241029:nL1N3M515N:9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479262925","content_text":"The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla Motors to 35.3% for China's SAIC, on top of the EU's standard 10% car import duty.The extra tariffs were formally approved and published in the EU's Official Journal on Tuesday, meaning they will take effect on Wednesday.The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.It says China's spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.The China Chamber of Commerce to the EU said it was profoundly disappointed by the \"protectionist\" and \"arbitrary\" EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.The chart shows how Spain is particularly exposed to China's probes into imports of pork, as well as dairy.It has also challenged the EU's provisional measures at the World Trade Organization.European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands' share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.The EU's stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.Germany, the EU's biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.Germany's economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.\"The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,\" the spokesperson added.German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.Hungarian Prime Minister Viktor Orban said the EU was headed for an \"economic cold war\" with China.However, France's PFA car association has welcomed duties, adding it backed free trade as long as it was fair.The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were \"significant remaining gaps\".It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.In the first nine months of 2024, China's EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.Reuters Graphics","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361161616527544,"gmtCreate":1729209804274,"gmtModify":1729216131380,"author":{"id":"3584484322728004","authorId":"3584484322728004","name":"Eason Echo","avatar":"https://community-static.tradeup.com/news/4fa5126bed2ccc2d8ebf78f01290194b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584484322728004","authorIdStr":"3584484322728004"},"themes":[],"htmlText":"Closed day trade on&nbsp;&nbsp;<a href=\"https://ttm.financial/OPT/MU 20241108 114.0 CALL\">$MU 20241108 114.0 CALL$ </a>&nbsp;","listText":"Closed day trade on&nbsp;&nbsp;<a href=\"https://ttm.financial/OPT/MU 20241108 114.0 CALL\">$MU 20241108 114.0 CALL$ </a>&nbsp;","text":"Closed day trade on $MU 20241108 114.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/75ef43846e9c1f91fa1445825e5eaa6b","width":"882","height":"1668"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361161616527544","isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"content":"Congratulations on your winning trade 🎉🎉🎉","text":"Congratulations on your winning trade 🎉🎉🎉","html":"Congratulations on your winning trade 🎉🎉🎉"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361047779422464,"gmtCreate":1729182099355,"gmtModify":1729182654176,"author":{"id":"3584484322728004","authorId":"3584484322728004","name":"Eason Echo","avatar":"https://community-static.tradeup.com/news/4fa5126bed2ccc2d8ebf78f01290194b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584484322728004","authorIdStr":"3584484322728004"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/NVDA 20241101 140.0 CALL\">$NVDA 20241101 140.0 CALL$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/OPT/NVDA 20241101 140.0 CALL\">$NVDA 20241101 140.0 CALL$ &nbsp;</a>","text":"$NVDA 20241101 140.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/5f1ad783897a288a83b50b87fbbb1d0e","width":"1068","height":"1072"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/361047779422464","isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"10000000000010968","authorId":"10000000000010968","name":"Tiger_CBA","avatar":"https://community-static.tradeup.com/news/ae2d4002ef9664aba005cb3020f416f5","crmLevel":1,"crmLevelSwitch":0,"idStr":"10000000000010968","authorIdStr":"10000000000010968"},"content":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","text":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","html":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website."}],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":361047779422464,"gmtCreate":1729182099355,"gmtModify":1729182654176,"author":{"id":"3584484322728004","authorId":"3584484322728004","name":"Eason Echo","avatar":"https://community-static.tradeup.com/news/4fa5126bed2ccc2d8ebf78f01290194b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584484322728004","idStr":"3584484322728004"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/NVDA 20241101 140.0 CALL\">$NVDA 20241101 140.0 CALL$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/OPT/NVDA 20241101 140.0 CALL\">$NVDA 20241101 140.0 CALL$ &nbsp;</a>","text":"$NVDA 20241101 140.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/5f1ad783897a288a83b50b87fbbb1d0e","width":"1068","height":"1072"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/361047779422464","isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"10000000000010968","authorId":"10000000000010968","name":"Tiger_CBA","avatar":"https://community-static.tradeup.com/news/ae2d4002ef9664aba005cb3020f416f5","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"10000000000010968","idStr":"10000000000010968"},"content":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","text":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","html":"Congratulations on your recent gains! Your dedication to value investing is clearly paying off. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.🥳🥳 Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361161616527544,"gmtCreate":1729209804274,"gmtModify":1729216131380,"author":{"id":"3584484322728004","authorId":"3584484322728004","name":"Eason Echo","avatar":"https://community-static.tradeup.com/news/4fa5126bed2ccc2d8ebf78f01290194b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584484322728004","idStr":"3584484322728004"},"themes":[],"htmlText":"Closed day trade on&nbsp;&nbsp;<a href=\"https://ttm.financial/OPT/MU 20241108 114.0 CALL\">$MU 20241108 114.0 CALL$ </a>&nbsp;","listText":"Closed day trade on&nbsp;&nbsp;<a href=\"https://ttm.financial/OPT/MU 20241108 114.0 CALL\">$MU 20241108 114.0 CALL$ </a>&nbsp;","text":"Closed day trade on $MU 20241108 114.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/75ef43846e9c1f91fa1445825e5eaa6b","width":"882","height":"1668"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361161616527544","isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"content":"Congratulations on your winning trade 🎉🎉🎉","text":"Congratulations on your winning trade 🎉🎉🎉","html":"Congratulations on your winning trade 🎉🎉🎉"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":365531346604184,"gmtCreate":1730251291600,"gmtModify":1730251378363,"author":{"id":"3584484322728004","authorId":"3584484322728004","name":"Eason Echo","avatar":"https://community-static.tradeup.com/news/4fa5126bed2ccc2d8ebf78f01290194b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584484322728004","idStr":"3584484322728004"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365531346604184","repostId":"2479262925","repostType":2,"repost":{"id":"2479262925","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730247577,"share":"https://ttm.financial/m/news/2479262925?lang=&edition=fundamental","pubTime":"2024-10-30 08:19","market":"us","language":"en","title":"EU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles","url":"https://stock-news.laohu8.com/highlight/detail?id=2479262925","media":"Reuters","summary":"The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliati","content":"<html><head></head><body><p>The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.</p><p>Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> to 35.3% for China&#39;s SAIC, on top of the EU&#39;s standard 10% car import duty.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3342642adc28db7268395abeb126bf71\" tg-width=\"503\" tg-height=\"186\"/></p><p>The extra tariffs were formally approved and published in the EU&#39;s Official Journal on Tuesday, meaning they will take effect on Wednesday.</p><p>The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.</p><p>It says China&#39;s spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.</p><p>The China Chamber of Commerce to the EU said it was profoundly disappointed by the &#34;protectionist&#34; and &#34;arbitrary&#34; EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.</p><p>Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0885f64e2db6a5e9fcef0baada0939d4\" title=\"The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.\" tg-width=\"1420\" tg-height=\"1300\"/><span>The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.</span></p><p>It has also challenged the EU&#39;s provisional measures at the World Trade Organization.</p><p>European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands&#39; share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d60642f67374d07d452ba21bc67a172\" title=\"The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.\" tg-width=\"1420\" tg-height=\"950\"/><span>The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.</span></p><p>The EU&#39;s stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.</p><p>Germany, the EU&#39;s biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.</p><p>Germany&#39;s economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.</p><p>&#34;The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,&#34; the spokesperson added.</p><p>German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.</p><p>The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a80916cf9c8bfc66eece3673a1b5471\" title=\"The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.\" tg-width=\"1420\" tg-height=\"2176\"/><span>The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.</span></p><p>Hungarian Prime Minister Viktor Orban said the EU was headed for an &#34;economic cold war&#34; with China.</p><p>However, France&#39;s PFA car association has welcomed duties, adding it backed free trade as long as it was fair.</p><p>The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.</p><p>The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were &#34;significant remaining gaps&#34;.</p><p>It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.</p><p>In the first nine months of 2024, China&#39;s EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/72d31f72b829d99ec3275c28946b6d5e\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"680\"/><span>Reuters Graphics</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU Will Impose Higher Tariffs Peaking at 45% on Chinese Electric Vehicles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-10-30 08:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.</p><p>Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> to 35.3% for China&#39;s SAIC, on top of the EU&#39;s standard 10% car import duty.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3342642adc28db7268395abeb126bf71\" tg-width=\"503\" tg-height=\"186\"/></p><p>The extra tariffs were formally approved and published in the EU&#39;s Official Journal on Tuesday, meaning they will take effect on Wednesday.</p><p>The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.</p><p>It says China&#39;s spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.</p><p>The China Chamber of Commerce to the EU said it was profoundly disappointed by the &#34;protectionist&#34; and &#34;arbitrary&#34; EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.</p><p>Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0885f64e2db6a5e9fcef0baada0939d4\" title=\"The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.\" tg-width=\"1420\" tg-height=\"1300\"/><span>The chart shows how Spain is particularly exposed to China&#39;s probes into imports of pork, as well as dairy.</span></p><p>It has also challenged the EU&#39;s provisional measures at the World Trade Organization.</p><p>European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands&#39; share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d60642f67374d07d452ba21bc67a172\" title=\"The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.\" tg-width=\"1420\" tg-height=\"950\"/><span>The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.</span></p><p>The EU&#39;s stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.</p><p>Germany, the EU&#39;s biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.</p><p>Germany&#39;s economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.</p><p>&#34;The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,&#34; the spokesperson added.</p><p>German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.</p><p>The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a80916cf9c8bfc66eece3673a1b5471\" title=\"The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.\" tg-width=\"1420\" tg-height=\"2176\"/><span>The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.</span></p><p>Hungarian Prime Minister Viktor Orban said the EU was headed for an &#34;economic cold war&#34; with China.</p><p>However, France&#39;s PFA car association has welcomed duties, adding it backed free trade as long as it was fair.</p><p>The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.</p><p>The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were &#34;significant remaining gaps&#34;.</p><p>It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.</p><p>In the first nine months of 2024, China&#39;s EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/72d31f72b829d99ec3275c28946b6d5e\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"680\"/><span>Reuters Graphics</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4574":"无人驾驶","BK4551":"寇图资本持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK0175":"白马股","BK4581":"高盛持仓","NIO":"蔚来","09868":"小鹏汽车-W","BK0183":"MSCI概念","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4511":"特斯拉概念","BK0169":"共享汽车","09866":"蔚来-SW","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4099":"汽车制造商","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK0196":"行业龙头","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK0020":"浦东新区","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","02015":"理想汽车-W","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1146622755.USD":"安本中国A股股票基金A Acc","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LI":"理想汽车","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","BK0072":"苹果","BK4555":"新能源车","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2063271972.USD":"富兰克林创新领域基金","TSLA":"特斯拉","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","XPEV":"小鹏汽车","NIO.SI":"蔚来","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK0264":"汽车制造","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4550":"红杉资本持仓","BK0070":"员工持股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241029:nL1N3M515N:9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479262925","content_text":"The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla Motors to 35.3% for China's SAIC, on top of the EU's standard 10% car import duty.The extra tariffs were formally approved and published in the EU's Official Journal on Tuesday, meaning they will take effect on Wednesday.The Commission, which oversees EU trade policy, has said tariffs are required to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.It says China's spare production capacity of 3 million EVs per year is twice the size of the EU market. Given 100% tariffs in the United States and Canada, the most obvious outlet for those EVs is Europe.The China Chamber of Commerce to the EU said it was profoundly disappointed by the \"protectionist\" and \"arbitrary\" EU measure and was disheartened by the lack of substantial progress in negotiations to find an alternative to tariffs.Beijing launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation.The chart shows how Spain is particularly exposed to China's probes into imports of pork, as well as dairy.It has also challenged the EU's provisional measures at the World Trade Organization.European automakers are grappling with an influx of lower-cost EVs from Chinese rivals. The Commission estimates Chinese brands' share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.The column chart shows the year on year change in car sales in Europe between June 2022 and September 2024.The EU's stance towards Beijing has hardened in the last five years. It views China as a potential partner in some areas, but also as a competitor and a systemic rival, but EU members are not united on EV tariffs.Germany, the EU's biggest economy and major car producer, opposed tariffs in a vote this month in which 10 EU members backed them, five voted against and 12 abstained.Germany's economy ministry said on Tuesday that Berlin supported ongoing EU negotiations with China and hoped for a diplomatic resolution to mitigate trade tensions while protecting EU industry.\"The Federal Government stands for open markets. Because Germany in particular, as a globally interconnected economy, is dependent on this,\" the spokesperson added.German carmakers have heavily criticised the EU measures, aware that possible higher Chinese import duties on large-engined gasoline vehicles would hit them hardest.The measures come as thousands of German industrial workers, including at the carmakers, strike for higher wages, with Volkswagen VOWG_p.DE possibly about to announce shutting plants on home soil for the first time in its 87-year history.The bar charts shows top four commodities by value imported by China from major EU nations such as Germany, France, Italy, Spain and Netherlands in the year 2023.Hungarian Prime Minister Viktor Orban said the EU was headed for an \"economic cold war\" with China.However, France's PFA car association has welcomed duties, adding it backed free trade as long as it was fair.The Commission has held eight rounds of technical negotiations with China to find an alternative to tariffs and said talks can continue after tariffs are imposed.The two sides are looking at possible minimum price commitments for imported cars and agreed on Friday to hold a further round, although the Commission said there were \"significant remaining gaps\".It remains to be seen what impact tariffs will have on consumer prices. Some producers may be able to absorb them at least partially.In the first nine months of 2024, China's EV exports to the EU were down 7% from a year earlier, but they have surged by more than a third in August and September, ahead of the tariffs, data from the China Passenger Car Association (CPCA) show.Reuters Graphics","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}