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UK weighs tariffs on Chinese car imports to align with EU plan
The EU has asked the UK to consider import taxes as part of talks on the upcoming “Made in Europe” Industrial Accelerator Act, with EU tariffs on Chinese cars set as high as 45%.
The UK is considering whether to impose tariffs on Chinese car imports so it can align with EU trade measures and strengthen its case to be included in new legislation aimed at protecting European manufacturing sectors, including autos and chemicals, the Guardian Business reports.
The newspaper says the EU has raised the question of tariffs with the UK during discussions about the upcoming “Made in Europe” legislation, known as the Industrial Accelerator Act.
According to the report, the UK is currently an outlier for not putting import taxes on Chinese vehicles, while the EU believes the UK would need to introduce tariffs to create a level playing field to qualify for inclusion.
The Guardian Business adds that the EU has levied tariffs on Chinese cars of up to 45% since October.