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On June 26, according to the latest report from Bloomberg, it was revealed that the European Union and China had reached a preliminary adjustment plan regarding tariffs on electric vehicles. Specifically, the EU has slightly relaxed its tariffs on two major Chinese automakers, SAIC Motor and Geely Automobile, with tariff rates adjusted from 38.1% to 37.6% and from 20% to 19.9% respectively, representing reductions of 0.5% and 0.1%, while tariffs on BYD remain unchanged.

It is noteworthy that on the same day, Bloomberg reported that China may reduce existing tariffs on high-displacement vehicle imports to persuade the EU to cancel its plan to impose additional tariffs on Chinese electric cars. In 2023, nearly one-third of sales for German automakers came from China. China remains the largest single market for Germany’s three major automakers: Volkswagen, BMW, and Mercedes-Benz. Consequently, leaders of these German automakers swiftly issued statements opposing EU tariff increases, influencing statements from German government officials.

Earlier reports indicated that on June 12, the European Commission formally announced temporary tariffs ranging from 17.4% to 38.1% on Chinese electric vehicles, in addition to a 10% standard tariff on vehicle imports, which will take effect by July 4.

Source: WeChat Official Account—电动知家

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