BusinessPostCorner.com
No Result
View All Result
Tuesday, September 22, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

China car companies seek 25% tax on EU rivals, state media says

June 20, 2024
in Business
Reading Time: 2 mins read
A A
0
China car companies seek 25% tax on EU rivals, state media says
ShareShareShareShareShare

Chinese car companies have called on Beijing to hit European Union rivals with import taxes of up to 25% if the trading bloc imposes tariffs on vehicles from China, the country’s state media has reported.

The demand was reportedly made at a closed-door meeting organised by China’s Ministry of Commerce, which was also attended by representatives of European car firms.

The measures would target cars from the EU with large petrol-driven engines.

Last week, the EU threatened Chinese electric vehicle (EV) makers with tariffs of up to 38% from 4 July.

The meeting in Beijing was attended by four Chinese and six European car companies, according to an article published by a social media account affiliated with state broadcaster CCTV.

German car making giant Volkswagen has confirmed to the BBC that it was present at the meeting but declined to comment on what was discussed.

Other European companies that were reportedly present, including BMW and Porsche, did not immediately reply to the BBC’s requests for comment.

“China’s car companies called on the government to adopt firm countermeasures against the EU,” the report said.

“It is suggested that within the limits allowed by Word Trade Organization rules, a higher provisional tariff be imposed on large-displacement petrol vehicles imported from Europe.”

The reports echo an article published last month by the state-run newspaper Global Times, which said 25% tariffs should apply to cars with petrol engines larger than 2.5 litres.

The move would target “luxury or ultra luxury” vehicles, meaning “an additional tax is not likely to make much of a difference on volumes,” Bill Russo, from advisory firm Automobility, told the BBC.

Credit: Source link

ShareTweetSendPinShare
Previous Post

How mobile phone networks are embracing AI

Next Post

Philippine video shows clash with Chinese coastguard injured soldier

Next Post
Philippine video shows clash with Chinese coastguard injured soldier

Philippine video shows clash with Chinese coastguard injured soldier

No Content Available
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Pentagon admits that Iranian strikes damaged and destroyed hundreds of buildings at US bases

September 14, 2026
Iran issues long list of steep demands the US must meet before the Strait of Hormuz will be reopened

Iran issues long list of steep demands the US must meet before the Strait of Hormuz will be reopened

August 8, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!