EU Nations Divided Over Tariffs On Chinese EVs; Commission Considers Compromise For BMW And Volkswagen Models: Report
Portfolio Pulse from Nabaparna Bhattacharya
EU nations are divided over the imposition of tariffs on Chinese electric vehicles (EVs). The European Commission has imposed provisional tariffs of up to 37.6% and is considering input from member states. France, Italy, and Spain support the tariffs, while Germany, Finland, and Sweden abstained. The Commission may consider reduced tariffs for BMW and Volkswagen models made in China.
July 16, 2024 | 6:16 pm
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POSITIVE IMPACT
The European Commission may consider reduced tariffs for BMW's China-made electric Mini, which could mitigate potential negative impacts on BMW's sales and stock price.
The potential for reduced tariffs on BMW's China-made electric Mini could lessen the negative impact of the broader tariffs on Chinese EVs, which may support BMW's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The European Commission may consider reduced tariffs for Volkswagen's China-made Cupra Tavascan, which could mitigate potential negative impacts on Volkswagen's sales and stock price.
The potential for reduced tariffs on Volkswagen's China-made Cupra Tavascan could lessen the negative impact of the broader tariffs on Chinese EVs, which may support Volkswagen's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80