Bloomberg reported on October 5th, citing The Times, that the UK is preparing to impose taxes on imported Chinese electric vehicles in order to meet a key requirement of the European Union.
The European Union has clearly stated that if Britain does not take action on tariffs, it may be excluded from the 'Made in Europe' program. EU officials are concerned that Britain could become a 'backdoor' for Chinese exported goods to enter Europe.
Reports indicate that British officials are worried that China may take countermeasures against Jaguar Land Rover. However, they believe that the economic consequences of Britain being excluded from the ‘Made in Europe’ mechanism could be much more severe.
However, the report did not specify the source of the information.
The Chinese side has emphasized that the discriminatory practices towards Chinese electric vehicles by the United States and Europe violate WTO rules and undermine the stability of the global supply chain. Ultimately, these practices will also harm their own interests. The Chinese side urges relevant countries and politicians to strictly abide by market principles and international trade rules, and to create a fair competition environment for businesses from all countries.
