Le Figaro: Spain Urges EU to Reconsider Tax Policy on Chinese Electric Vehicles

Wednesday, 11 September 2024, 04:10

Le Figaro reports that Spain's Prime Minister, Pedro Sanchez, has urged the EU to reconsider its stance on taxes for Chinese electric vehicles. The proposal for these taxes, which could double existing tariffs, has sparked significant debate as Spain seeks constructive solutions. Sanchez emphasizes the need for unity among EU members to avoid further trade wars.
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Le Figaro: Spain Urges EU to Reconsider Tax Policy on Chinese Electric Vehicles

Spain Calls for Reconsideration of Electric Vehicle Taxes

In a recent press conference in Shanghai, Spanish Prime Minister Pedro Sanchez called on EU member countries to reassess their decision regarding the proposed taxes on Chinese electric vehicles. He emphasized the importance of collective action among EU nations to avoid escalating trade tensions. The EU's decision announced on August 20 could impose additional tariffs up to 36% on Chinese electric imports, impacting major companies including Tesla. Sanchez stated, “We must build bridges between the EU and China” as he advocates for a balanced and constructive dialogue.

Context of the Situation

  • Spain, the largest European exporter of pork to China, faces potential retaliation from Beijing.
  • Current EU tariffs include a basic rate of 10%, which may double.
  • Discussions within the EU are ongoing, with slight divisions regarding the tax proposal.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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