Etiqueta: Tariffs

Chinese electric carmakers may be crying foul over the European Union's imposition of additional tariffs, but they have several options to keep growing, including shifting production to the continent and using fat profit margins to absorb some of the hit.

The European Commission made a significant announcement on Wednesday, revealing its intention to levy additional duties on imported Chinese electric vehicles, a move that could potentially ignite tensions with China. These tariffs, slated to take effect next month, could reach as high as 38.1%, depending on the manufacturer. According to the company breakdown provided by the Commission, the provisional tariffs are as follows: - BYD (17.4%) This includes various entities under BYD, such as BYD Auto Co Ltd and Changsha BYD Auto Co Ltd.

Citi opens upside catalyst watch on BYD; sees strong exports, domestic markets

Investing.com-- Citibank analysts opened a 30-day upside catalyst watch on BYD Co's (SZ:002594) Hong Kong shares (HK:1211) on Wednesday, stating that lower-than-feared EU import tariffs and strong domestic demand presented tailwinds for the...

The EU slams Chinese electric vehicles with tariffs as high as 38.1%, accusing them of unfair subsidies. BYD, Geely, and SAIC are likely hardest hit. New tariffs will come into action starting July 4th, 2024. ​​EU carmakers express concern about potential retaliation from China, raising worries of a broader trade war., Electric Vehicles News - Times Now

(Bloomberg) -- Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd. Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutStock Bull Run Breaks Record on Fed Decision Day

SHARES OF CHINESE EV MAKER BYD SET TO RISE 3.0% IN HONG KONG AFTER EU ANNOUNCES TARIFFS TO SAFEGUARD INTERESTS ...

As retaliation for the EU’s tariffs on Chinese electric vehicles, China could potentially slap duties on things like European pork and dairy products, as well as brandy and luxury goods.

Trade war looms as Brussels hits firms with import charges