EU Imposes Tariffs on Chinese EV Imports: Tesla, BYD, Geely, and SAIC Affected

Shanghai, Shanghai Municipality China
Chinese EV makers BYD, Geely, and SAIC are also affected by these tariffs.
Tariffs range from 17.4% to 38.1% on Chinese EVs imported into the EU.
Tesla manufactures some of its EVs in China and will be affected by these tariffs.
The EU imposes tariffs on Chinese EV imports starting July 1, 2024.
EU Imposes Tariffs on Chinese EV Imports: Tesla, BYD, Geely, and SAIC Affected

The European Union (EU) and China are engaged in a trade dispute over electric vehicles (EVs), with the EU imposing tariffs on Chinese EV imports. Tesla, which manufactures some of its EVs in China, is expected to be affected by these tariffs. The EU's decision comes after an investigation into Chinese subsidies for domestic EV companies.

According to reports, the European Commission will impose tariffs ranging from 17.4% to as high as 38.1% on Chinese EVs imported into the EU starting July 1, 2024. Tesla operates a manufacturing plant in Shanghai where it makes the Model Y SUV and Model 3 compact.

The new tariffs are considered 'generally benign' compared to the 100% tariffs on Chinese EV imports into the US. However, they will deepen the U.S.-China trade war.

The EU increasingly views China as a strategic rival, with concerns heightened by China's support of Russia after the invasion of Ukraine.

Tesla has not yet announced how much it will increase the prices of its Model 3 vehicles in Europe due to these tariffs. The company did not disclose this information in its notice on European websites.

Chinese EV makers such as BYD, Geely, and SAIC have also been affected by these tariffs. Citi analysts and Morningstar analysts have weighed in on the impact of these tariffs on Chinese EV stocks.

The EU's action falls short of the tougher U.S. position towards China, which tends towards an outright decoupling from China.


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Confidence

90%

Doubts
  • It's unclear if other Chinese companies or industries will be targeted with similar tariffs.
  • The exact amount by which Tesla will increase prices of its Model 3 vehicles in Europe due to these tariffs is unknown.

Sources

84%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Euronews Thursday, 13 June 2024 00:00
  • Unique Points
    • The upcoming quarterly refunding update from the US Treasury will provide information on bond supply
    • Treasury will give details on bond supply in upcoming quarterly refunding update
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (50%)
    The article is written by an anonymous author and contains emotional manipulation through the use of phrases such as 'hits back' and 'tariff hike.' The article also engages in selective reporting by only mentioning China's response to the EU tariff hike without providing any context or information about the initial cause of the dispute. Additionally, there are no sources disclosed in the article.
    • China hits back at EU tariff hike on electric vehicles
    • The European Union has imposed a new tariff on Chinese electric vehicles, and China is responding in kind.
  • Fallacies (80%)
    The article contains several informal fallacies and appeals to authority. The author uses inflammatory rhetoric by stating 'hits back' in the title, which is an emotional appeal. In the body of the article, there are multiple instances of ad hominem attacks against the EU. For example, 'g' and 'no g' are mentioned as if they represent something negative about the EU without any explanation or evidence provided. The author also uses a false dilemma when stating that China is either hitting back or being passive in response to the EU tariff hike. Additionally, there are several instances of appeals to authority where the author quotes Chinese officials and experts without providing any critical analysis or evaluation of their statements.
    • ]k[0016IFFFDuIFDuiFFFDuIFDuiFFFDuIFDiuIFDiFFFDrг3$k[5:[Һd$
    • China's Commerce Ministry spokesperson Gao Feng was quoted as saying 'China will take necessary countermeasures to defend its legitimate rights and interests.'
    • The article also quotes a Chinese expert stating 'This is not a trade war, but the EU's unilateral move to impose tariffs on Chinese electric vehicles is an act of bullying.'
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla can't duck Europe's new tariffs on Chinese EVs

Quartz News Site William Gavin Thursday, 13 June 2024 15:29
  • Unique Points
    • Tesla is anticipating a requirement to increase pricing for Model 3 vehicles in Europe due to new import tariffs on China-made electric vehicles starting July 1, 2024.
    • The European Commission will impose tariffs ranging from 17.4% to as high as 38.1% on Chinese EVs imported into the EU.
    • Tesla operates a manufacturing plant in Shanghai where it makes the Model Y SUV and Model 3 compact.
  • Accuracy
    • Tesla is anticipating a requirement to increase pricing for Model 3 vehicles in Europe due to new import tariffs on Chinese EVs starting July 1, 2024.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Chinese EV stocks surge after EU slaps up to 38% additional import tariffs

CNBC News Sheila Chiang Thursday, 13 June 2024 03:16
  • Unique Points
    • The European Union announced higher tariffs of up to 38% on Chinese EVs.
    • BYD faces an additional 17.4% in tariffs, Geely faces a 20% increase, and SAIC faces the highest at 38.1%.
    • These tariff hikes are considered ‘generally benign’ compared to the 100% tariffs on Chinese EV imports into the US.
    • Chinese authorities may resolve the additional duties through discussions, otherwise, they will be introduced from July 4.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The author makes an appeal to authority when stating that 'Citi analysts said the EU's additional tariffs were 'generally benign'' and 'Citi analysts on Thursday said the tariff hike is 'generally benign'. This is an informal fallacy as it does not prove the validity of the statement, but rather relies on the opinion of Citi analysts.
    • ]Citi analysts said the EU's additional tariffs were 'generally benign''[
    • ']Citi analysts on Thursday said the tariff hike is 'generally benign'[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Analysis-Bound by rules and economics, EU trails U.S. on China tariffs

Entertainment Variety Tv Site: https://www.yahoo.com/entertainment/tv-site/ Philip Blenkinsop Thursday, 13 June 2024 18:33
  • Unique Points
    • The European Union's plan to hike tariffs on Chinese electric vehicles (EVs) reflects a firming of its stance towards Beijing, but falls short of a tougher U.S. position tending towards an outright decoupling from China.
    • The EU's nearly five-fold increase in duties for some Chinese producers exceeds Washington’s quadrupling of tariffs on Chinese EV imports, deepening the U.S.-China trade war.
    • The European Union increasingly views China as a strategic rival, with concerns heightened by China’s support of Russia after the invasion of Ukraine.
  • Accuracy
    • The EU's nearly five-fold increase in duties for some Chinese producers exceeds Washington’s quadrupling of tariffs on Chinese EV imports, deepening the US-China trade war.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (95%)
    The author expresses a clear bias towards the EU's position in its trade dispute with China. The author states that the EU's tariffs on Chinese electric vehicles (EVs) are more modest than those of the US and that this is due to the EU's belief in international rules and awareness of potential losses from a trade war. The author also quotes experts who support this view, such as Niclas Poitiers, research fellow at think tank Bruegel, who states that 'The EU intention is to take away Chinese companies’ advantage.' The author does not provide any counter-arguments or evidence to suggest that the US position is more justified. This bias is further demonstrated in the author's use of language such as 'typical bullying' and 'typical case of protectionism' when describing China's response to US tariffs.
    • China has been the clear focus [of EU investigations].
      • The EU intention is to take away Chinese companies’ advantage.
        • The European Union increasingly views China as a strategic rival.
        • Site Conflicts Of Interest (100%)
          None Found At Time Of Publication
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication