Deal Between Germany, China Could Stop Looming Tit-For-Tat On EV Tariffs
Portfolio Pulse from Natan Ponieman
Germany and China are negotiating to prevent a tariff war on electric vehicles (EVs) that could impact carmakers in both regions. The EU's proposed tariffs on Chinese EVs could lead to retaliatory tariffs from China on EU-made cars, affecting luxury German brands. The U.S. has also increased tariffs on Chinese EVs, benefiting domestic carmakers.
June 24, 2024 | 7:46 pm
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POSITIVE IMPACT
Ford is likely to benefit from the U.S. decision to increase tariffs on Chinese EVs, reducing competition in the domestic market.
Higher tariffs on Chinese EVs will reduce competition in the U.S. market, potentially benefiting Ford.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
General Motors is expected to benefit from the U.S. decision to increase tariffs on Chinese EVs, reducing competition in the domestic market.
The increased tariffs on Chinese EVs will make it harder for these vehicles to compete in the U.S. market, potentially boosting GM's market share.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rivian is likely to benefit from the U.S. decision to increase tariffs on Chinese EVs, reducing competition in the domestic market.
Higher tariffs on Chinese EVs will reduce competition in the U.S. market, potentially benefiting Rivian.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla stands to benefit from the U.S. decision to increase tariffs on Chinese EVs, reducing competition in the domestic market.
The increased tariffs on Chinese EVs will make it harder for these vehicles to compete in the U.S. market, potentially boosting Tesla's market share.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BMW could face increased tariffs in China if the EU proceeds with its planned tariff hikes on Chinese EVs.
If the EU implements the new tariffs on Chinese EVs, China is likely to retaliate with higher tariffs on EU-made cars, negatively impacting BMW.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Porsche could face increased tariffs in China if the EU proceeds with its planned tariff hikes on Chinese EVs.
If the EU implements the new tariffs on Chinese EVs, China is likely to retaliate with higher tariffs on EU-made cars, negatively impacting Porsche.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Mercedes Benz could face increased tariffs in China if the EU proceeds with its planned tariff hikes on Chinese EVs.
If the EU implements the new tariffs on Chinese EVs, China is likely to retaliate with higher tariffs on EU-made cars, negatively impacting Mercedes Benz.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90