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EU to Impose Tariffs Up to 45% on Chinese EVs

The European Union has voted to impose tariffs as high as 45% on electric vehicles from China. Julia Poliscanova, senior director of vehicles and e-mobility supply chains at Transport & Environment, joins Caroline Hyde and Ed Ludlow to discuss why she believes Europe shouldn’t be so scared of retaliation from China on “Bloomberg Technology.” ——–…

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The European Union has voted to impose tariffs as high as 45% on electric vehicles from China. Julia Poliscanova, senior director of vehicles and e-mobility supply chains at Transport & Environment, joins Caroline Hyde and Ed Ludlow to discuss why she believes Europe shouldn’t be so scared of retaliation from China on “Bloomberg Technology.”
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5 Comments

5 Comments

  1. @TsarOfRuss

    October 4, 2024 at 3:36 pm

    So China will not impose any tarrifs on European goods coming to its own country ???? EU just loves shooting itself in the foot

  2. @derekbull7386

    October 4, 2024 at 3:59 pm

    Bad move, China will devastate their Pork and dairy industry!!!!!

  3. @Gerry-t1w

    October 4, 2024 at 5:34 pm

    Shame on EU.
    Since the 2008 financial crisis, the French government has given approximately 7 billion euros to support the country’s automotive industry in overcoming difficulties. At the same time, the German government provided significant support to Volkswagen, especially during the 2015 emissions scandal. The total financial assistance, including loans and guarantees, is approximately €1 billion. These supports are designed to stabilize the company and ensure its continued operations during challenging times. As the EU loses out to China in electric car production, more money is being poured into EU car companies. However, EU politicians continue to cry wolf and protest against China’s support for green energy-related products.
    Passing countering Chinese-made electric cars, solar panels, wind turbines, etc. is countering global efforts to combat climate change. This is destroying the hope of future generations to survive on a habitable planet, it is a crime against humanity.

  4. @SanLucas-hr8pf

    October 4, 2024 at 8:30 pm

    Well done EU..Don’t be foolish..

  5. @antihypocrisy8978

    October 4, 2024 at 8:43 pm

    So if China retaliates, they will likely target the 10 who voted. And if Chinese brands build factories in the EU, they will likely invest in countries who abstained or opposed. What’s Macron’s game plan? 😅

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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