The United Kingdom (UK) has made it clear that it will not be following the European Union’s (EU) decision to impose import duties on Chinese battery electric vehicles (BEVs). Trade Secretary Jonathan Reynolds made this announcement during the International Investment Summit in London.
The EU recently voted in favor of imposing new tariffs on BEVs imported from China, citing concerns over Chinese state subsidies. However, the UK’s Trade Remedies Authority (TRA) has not received any complaints from the automotive industry regarding Chinese BEV imports. Reynolds stated that the UK will not be imposing new import duties, as the industry has not requested such action.
The International Investment Summit, which took place at London’s Guildhall, gathered leaders from global technology, industry, and investment sectors to discuss opportunities in the UK. The government reported a successful event, with investment pledges totaling GBP63bn.
It is clear that the UK government is taking a different approach from the EU when it comes to Chinese BEV imports. Reynolds emphasized the importance of analyzing the industry closely but stated that there is currently no need for import duties in the UK.
Overall, the UK’s stance on Chinese BEV imports differs from that of the EU, and the government remains focused on supporting the automotive industry without imposing additional tariffs. The decision reflects the UK’s commitment to fostering a competitive and thriving automotive sector.
