A new round of trade war – the EU intends to raise duties on cars from China

The European Union, following the United States, plans to increase duties on Chinese cars.

Last week, the United States significantly increased duties on some goods from China. It wasn't just cars that were hit. Tariffs for microchips were doubled to 50%, for batteries – from 7.5% to 25%, for solar panels – from zero to 25%. In turn, Europe is considering the possibility of imposing similar restrictions on Chinese goods.

The rapid development of affordable electric vehicle production in China is putting significant pressure on European brands. Due to the intensive supply of cars from China, they are postponing their plans to switch to electric vehicles, significantly lagging behind Chinese competitors in development.

Currently, the duty on Chinese cars in the EU is 10%. Analysts believe that it is necessary to increase this figure to at least 25%. Some experts believe that only tariffs above 55% will be able to change the situation.