Italy backs EU tariffs on EVs from China


MILAN: Italy backs tariffs proposed by the European Commission on Chinese exports of electric vehicles (EVs), says Italian Foreign Minister Antonio Tajani.

Tajani was speaking yesterday before a meeting in Rome with China’s commerce minister. “We support the duties that the European Union (E) Commission proposes, to protect the competitiveness of our companies,” Tajani told daily Corriere della Sera in an interview.

Minister Wang Wentao is visiting Europe for discussions on the European Union’s anti-subsidy case against China-made EVs as the vote on more tariffs looms.

He was meeting Tajani yesterday morning and will hold talks with the European Commission’s executive vice-president and trade commissioner Valdis Dombrovskis on Thursday.

“We want to work on a trade plan based on equality, we demand equal access for our products in their markets. Our companies must compete on equal terms,” Tajani added.

Italy is aiming for a “climate of positive cooperation, and real reciprocity to avoid dumping and obstacles from Beijing, that at times are incomprehensible”, he said.

Italy initially supported tariffs in a non-binding vote of EU members in July but Industry Minister Adolfo Urso told Reuters last week that he expected a negotiated solution.

Italy remains a major carmaker, home to brands including Fiat, part of the Stellantis group. It has also been seeking to woo Chinese carmakers including Dongfeng and Chery Auto to open factories in order to raise vehicle output.

Tajani added that his position did not compromise Italy’s “good relations” with China.

At the end of July Italian Prime Minister Giorgia Meloni visited China, to boost co-operation with the world’s second-largest economy and reset trade ties after leaving the Belt and Road infrastructure investment scheme.

President Sergio Mattarella is scheduled to visit China later this year, with Tajani part of the delegation, the minister said.

The European Commission is on the brink of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU’s standard 10% car import duty.

The new tariffs on individual manufactures are expected to range from 17.4% to 35.3%.

The EU is the largest overseas market for China’s EV industry and the country is counting on high-tech products to help revive its flagging economy.

The proposed duties will be subject to a vote by the EU’s 27 members.

They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population vote against them. — Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Maybank ready to support customers amid current geopolitical uncertainties
Empire Sushi IPO retail offering oversubscribed 23.30 times
Cahya Mata deputy chairman Mahmud Abu Bekir Taib files suit
Ringgit closes nearly flat vs greenback amid ongoing Middle East conflict
U Mobile, TM holds 5G kick-off meeting, agreement being finalised
Oil prices hover around US$110/bbl as Hormuz stays shut ahead of Trump deadline
Bursa Malaysia ends on a softer note amid escalating West Asia conflict
AWC unit accepts RM22.18mil plumbing job for data centre project
Uzma subsidiary bags RM60mil contract from EnQuest
Aeon Credit Service records higher earnings of RM385.88mil in FY26

Others Also Read