Finland abstained in Monday's vote on EU tariffs on China EVs

admin admin | 07-17 16:30

The Finnish embassy official told Reuters Finland was still uncertain about the tariffs, which are creating uncertainty in markets and value chains.
Finland abstained in Monday's EU vote on provisional tariffs on electric vehicles (EVs) built in China, an official at the Finnish embassy to the EU said on Tuesday.

The European Commission had asked union member states for advisory votes on whether to continue the duties that currently are up to 37.6% on EVs imported from China, increasing tensions with Beijing in the EU's largest trade case yet.

The Finnish embassy official told Reuters Finland was still uncertain about the tariffs, which are creating uncertainty in markets and value chains.

"Finland still has doubts, especially about the Union's overall interest, knowing that not all European car manufacturers feel that it is in their interests to act," the official said, speaking on condition of anonymity to discuss the Finnish vote, which had not been made public.

The provisional duties are designed to prevent what commission president Ursula von der Leyen has said is a flood of cheap EVs built with state subsidies.

This first vote is not binding. It will be followed by a final vote after which the European Commission's tariff proposal will be adopted unless there is qualified majority against it.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...