While on the one hand some manufacturers and countries are asking Europe to revise the duties downwards imposed on Chinese electric cars, on the other hand the European Commission is about to hit with further extra taxes products coming from China.
The focus of the attention is on the biodiesel of oriental originfor which the EU is ready to impose duties ranging from 12.8% to 36.4% starting from August 16. A new chapter in the trade war between Europe and China.
Illegal incentives
The bone of contention is always the same: unfair practices by the Chinese government guilty, according to the Union producers, of helping the producers of the Asian giant to maintain particularly low prices, thus practicing unfair competition.
It all comes to an end an anti-dumping investigation launched in December 2023 by the European Commission, whose conclusions highlighted state subsidies.
Brussels has thus decided to impose new duties which, like those relating to electric cars, will have different amounts depending on the various producers. Here are which ones: 12.8% for the EcoCeres group, 36.4% for the Jiaao group and 25.4% for the Zhuoyue group. Other Chinese biodiesel producers who cooperated with the European Commission during the investigation will be sanctioned with an extra tax of 23.7%, while those who did not provide support will have the maximum: 36.4%.
According to Ansa, the biodiesel market in Europe is worth 31 billion euros per year and in Europe, in 2023, 1.8 million tons of Chinese biodiesel arrived, equal to 90% of total exports.
Source: it.motor1.com
