Nor is it a good time that the people are experiencing? trade relations between Europe and China, nor is what the United States and the Asian country are experiencing. Only with regard to the trade balance between our continent and China, the deficit What we achieved was 300,000 million last year. And this figure will undoubtedly increase with the increasing entry of chinese cars, whose sales in Europe have doubled between 2021 and 2023.
Possible dumping
Now that the European elections have passed, the European Comission continues with his crusade to discover if China does dumping with its automobile industry. That is, if the Beijing government is giving subsidies to its companies so that they can achieve sell your cars at a lower price than what would correspond to them, promoting unfair competition.
MG ZS. HS and Marvel.
At the moment, the tax that continues to be applied to cars from China is 10%while in China a tariff of fifteen% to those manufactured in Europe.
Initial investigation
The investigation by Europe is still in its initial phase, but if certainty of this possible unfair practice is obtained, the tariff percentage would grow, making less attractive prices of cars arriving from the eastern country.
It must be remembered that the Chinese brand MG (although with a British past) did not end up in the ‘top ten’ of the best-selling brands in Spain in 2023, but its model Z.S. yes he got up to fourth place final. And other brands that are trying to gain a foothold, such as BYD, They would also suffer the effects of this possible increase.
BYD Seal and BYD Dolphin.
The Chinese Minister of Commerce, Wang Wentao, He has already spoken out about these possible measures during his visit to Spain last week, stating that if Europe continues to “repress Chinese companies, China will take necessary measures to firmly safeguard the legitimate interests of Chinese companies.” And this is something that causes some concern in the German automobile industry, with firms such as Volkswagen, Mercedes, BMW or Porsche Group pending in recent years to share the ‘big cake’ what the Chinese market represents.
The country that has no longer hesitated to take measures is USA. There, Chinese cars are condemned to reduce their proliferation after tariffs on these cars increased last month from 25% to 100% in a strict protectionist measure. And these tariffs could also rise shortly for microchips, an essential part of any technological item, including automobiles.
