UK weighs tariffs on cheap Chinese car imports
Summarised from 3 outlets · Updated 5 Oct, 07:54 · Archive
The UK government is considering imposing tariffs on Chinese vehicles as imports surge.
The UK government is considering whether to impose tariffs on Chinese vehicle imports as sales surge. Business Secretary Jonathan Reynolds is reportedly weighing the decision, with ministers concerned that Chinese carmakers are 'dumping' subsidised vehicles into the UK. The EU charges duties of up to 45 per cent on Chinese cars, and the US has restricted imports almost entirely, making the UK an outlier in having no import taxes on them.
The UK car industry faces what the Guardian describes as a 'difficult trade-off' between China and Europe. Manufacturers are struggling to balance the benefits of both markets ahead of looming trade measures that could restrict UK exports to the EU. A decision on UK tariffs could affect manufacturers' ability to maintain access to these key markets.
How it is being reported
- UK 'considering tariffs' on popular Chinese electric vehicles amid pressure from EUGB News · 5 Oct, 09:03
- Jonathan Reynolds weighs Chinese EV tariffs after sales soarCity AM · 5 Oct, 07:45
- UK car industry faces ‘difficult trade-off’ between Chinese and EU marketsGuardian Business · 4 Oct, 06:00
In this story: UK · China · EU · Jonathan Reynolds · US
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