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Hungary rebuffs punitive tariffs on Chinese electric cars

Budapest, Oct 3 (Prensa Latina) Hungary’s Foreign Minister, Péter Szijjártó, today confirmed Hungary's rejection of a European Commission initiative to impose additional tariffs on imports of electric vehicles from China.

Through his Facebook page, the incumbent official noted that the Hungarian government will veto the European Union’s (EU) proposal to impose levies of up to 45 percent on imports of electric vehicles manufactured in the Asian country, since the plan is ‘harmful and dangerous’.

Under the allegation of countering unfair competition, the EU executive drew up a list of definitive tariffs against the assortments in question, the final approval of which will depend on a vote by the bloc’s 27 member states, scheduled for Friday.

Bureaucrats in Brussels (headquarters of the EU body) are about to ritually kill the future competitiveness of the European economy tomorrow, Szijjártó said.

‘Why is this proposal of the Brussels bureaucrats so harmful and dangerous, and why can it ritually kill the European competitiveness? Well, the backbone of the European economy is the automotive industry,’ argued the head of Hungarian diplomacy.

As he recalled, the area’s automakers not only maintain close cooperation with their Chinese counterparts, but many of them also have plants in the Asian nation.

The European Commission’s plan is to apply additional tariffs, up to a maximum of 36.3 percent, which would be in addition to the usual 10 percent rate imposed on Chinese electric cars.

Ied/abo/mem/mjm

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