Anfia Proposes Zero Tariffs on Chinese Car Imports Within 8% Quota
Vavassori, president of the Italian automotive components association Anfia, proposed that the EU set an import quota for cars made in China, with zero tariffs for up to 8% and an 80% tariff on the portion above that, covering components as well. Chinese brands currently account for more than 9% of new car sales in the EU, and the EU's current combined tariff rate on Chinese EVs is about 18% to 45%. Italian component exports fell 4.6% in the first half, may decline 10% for the full year, and could fall 40% to 50% by 2028 without protection. Whether the proposal can enter the EU agenda remains to be seen.
4162 days ago
