EU urges Britain to raise tariffs on Chinese cars, FT reports
Brussels wants London to align trade policy as Chinese EVs take a 16% share of Britain’s new car market, the FT reported.
- On Friday, Brussels warned Prime Minister Andy Burnham that Britain must raise tariffs on Chinese cars to avoid "Made in Europe" trade barriers that would restrict key exports.
- Nissan's European boss Massimiliano Messina warned this month that Britain risks becoming a "corridor" into the EU for Chinese EVs, after the UK failed to match EU tariffs in 2024, allowing Chinese manufacturers a 16 per cent market share.
- Britain already increased steel tariffs to 50% earlier this year, and Business Secretary Jonathan Reynolds is gathering data to determine where further trade defense actions may be required against cheap Chinese imports.
- Despite Labour's election 'red lines' ruling out a customs union, Prime Minister Andy Burnham faces pressure to align with anti-subsidy tariffs of up to 45 per cent on Chinese EVs to maintain market access.
- EU officials suggest joining the bloc's customs union as the solution, though European concerns have shifted from fears of a "Singapore-on-Thames" to fears of a "Turkey-across-the-Channel.
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(Seoul = Yonhap News) Reporter Kwak Min-seo = The European Union (EU) has urged the UK to raise tariffs on Chinese cars, the British daily Financial Times reported on the 24th (local time)...
EU urges Britain to raise tariffs on Chinese cars,
Brussels has told British Prime Minister Andy Burnham that Britain needs to raise tariffs on Chinese cars and align more closely align with EU trade policy to avoid "made in Europe" barriers on key exports, the Financial Times said today.
According to a media report, Britain is supposed to introduce stricter rules against Chinese car imports. Premier Andy Burnham already warned of consequences for the British industry.
Brussels has sent a clear message to London that if Britain wants to avoid the Made in Europe policy pushing its key export sectors out of the EU market, it must raise tariffs on Chinese imports and align itself more closely with EU trade policy, the Financial Times reports. The EU's position is that joining the customs union would be the best solution.
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