China is preparing a blow to the European automotive industry

The Chinese Ministry of Commerce has announced its intention to consider the possibility of increasing duties on imports of European cars with large-volume engines. The decision will be made after a comprehensive analysis of all factors, representatives of the department said.

This statement was another step in the aggravation of trade relations between China and the European Union. Earlier this month, Beijing imposed temporary anti-dumping measures on brandy from the EU in response to the imposition of 35% duties on Chinese electric vehicles by the European Union.

Despite the aggravation of the situation, negotiations between China and the EU on tariffs for electric vehicles are continuing. Although progress has been made in some areas, there are significant differences at the moment.

China has officially invited the European Union to send a technical team to China to continue face-to-face consultations. The Chinese authorities stressed that all necessary preparations have already been made and are awaiting a response from the EU.

The increase in duties on European cars could have a serious impact on EU automakers, who are already facing a number of difficulties, including a pandemic and rising commodity prices.