<
https://thedriven.io/2024/05/27/chinas-first-carbon-border-tax-insiders-flag-big-tariff-on-imported-us-gas-guzzlers/>
"The deepening trade war between the US and China could soon be seen as a
battle between clean tech versus fossil dinosaurs as auto industry insiders
report China is looking to place a 25 per cent tariff on US gas guzzlers in
response to the US move to slap a 100 per cent tariff on imported Chinese EVs.
The China Chamber of Commerce to the EU (CCCEU) says it was informed by
insiders that China is considering increasing temporary tariffs on “imported
cars equipped with large-displacement engines” a move clearly aimed at large US
and European fossil cars.
“This potential action carries implications for European and US automakers,
particularly in light of recent developments such as Washington’s announcement
of tariff hikes on Chinese electric vehicles (EVs) and Brussels’ preparations
for preliminary measures in high-profile anti-subsidy investigation into
Chinese EVs,” the CCCEU said in a tweet last week.
The CCCEU says Liu Bin, chief expert at the China Automotive Technology &
Research Centre, suggests the tariff on imported large-engine vehicles could be
increased to a maximum of 25 per cent and still align with World Trade
Organisation (WTO) regulations.
“This adjustment could also help China promote the transition to greener
practices in the automotive industry and advance it’s objectives of reducing
carbon emissions.” said the CCCEU in a statement posted on X last week."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
