- Reviewing a Comprehensive Economic and Trade Agreement in London.
- The UK must improve its global competitiveness and secure fair trade deals with the EU to ensure economic stability.
UK Under Review for EU Industrial Program; Tariff Talks on Chinese EVs
- Reports
- 7
- Developments
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- Repetition
- 29%
New informationRepeats or wire copies
What happened
The UK is currently seeking inclusion in the European Union’s Buy European industrial program. The EU has reportedly requested that the UK raise tariffs on Chinese electric vehicles to advance these talks. Business Secretary Jonathan Reynolds stated that the issue of tariffs on Chinese EVs is under review, noting that different parts of the UK sector have varying expectations regarding government policy.
From politico.eu
Why it matters
The talks are taking place against the backdrop of the UK needing to improve its global competitiveness and secure fair trade deals with the EU. The review of tariffs directly impacts the market access for goods entering the single market.
The UK must improve its global competitiveness and secure fair trade deals with the EU to ensure economic stability. This review is taking place within the context of a Comprehensive Economic and Trade Agreement in London.
From politico.eu
Who's involved
- U.K.The UK government is the subject of the tariff review regarding its industrial program talks with the EU.
How it developed
Newest first. Tap a step to see who reported it.The UK is now required to align its EV tariffs with those set by the EU.1 source
EU imposed tariffs on Chinese EVs, prompting Chery to consider UK manufacturing.1 source
Chinese EVs use UK loophole to enter EU, while Chery-JLR JV production halts.1 source
EU and Beijing agreed on a hybrid export cap as Chinese cars challenge the UK auto sector.1 source
UK seeks inclusion in EU industrial program while EU requests UK raise tariffs on Chinese EVs.1 source