The EU has decided to impose punitive tariffs of up to 38 percent on Chinese electric cars. So now China strikes again with punitive tariffs on petrol cars from here, the media believe.
China has long before the EU even decided to impose punitive tariffs on the country's electric cars, talking about unfair competition. Even if it is proven that the communist dictatorship is illegally pumping money into the car industry.
And now China should be ready with a response to the EU. Namely punitive duties on all imported cars with combustion engines over 2.5 litres.
The Global Times writes that.
The newspaper writes that such a move will have a serious impact on the European car manufacturers, who also manufacture the cars within the EU's borders and only then export them to China.
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Several German brands in particular have also warned the EU about the consequences of imposing punitive tariffs on precisely Chinese electric cars. The response, many believe, will go even harder beyond the European car brands.
BMW has, among other things, advised against penalty duties. So has Mercedes, which officially would rather beat the Chinese through free competition.
In the past, figures of 25 percent punitive duty have been mentioned in both Chinese and European media. If that happens, it will be an increase of ten percentage points compared to today, according to Bloomberg.
However, China has announced that it will not only crack down on the car industry from outside as revenge. They will also look at whether customs walls can be set up for the import of pork and dairy products.
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