Tariffs

South Africa is considering imposing tariffs of up to 50% on vehicles from China and India, as policymakers said that imported goods are harming domestic manufacturing.

Canada will allow up to 49,000 Chinese EVs into its market per year at a most-favored-nation tariff rate of 6.1%.

The Ottawa government is reportedly considering scrapping the 100 percent tariff on Chinese EV imports, aligning with China on the EV issue.

About 116,000 vehicles were exported from China to the US in 2024 and were dominated by US-branded models, analysts said.

EU and Chinese officials are discussing alternatives to European tariffs on Chinese EVs, but no solution is imminent, Reuters quoted unnamed European officials as saying.

Brussels and Beijing are close to reaching a solution on tariffs on Chinese EV imports into the EU, an EU official said.

Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters.

The European Commission has published the definitive tariff rates in the Official Journal, with the additional tariffs to take effect from October 30, and the provisional duties imposed on July 4 will not be collected.

The EU and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-made EVs, at a time when additional tariffs are due to come into force next week.

China's commerce ministry said it firmly opposes the EU's additional anti-subsidy tariffs on Chinese EVs, but notes the EU's political will to continue to resolve the issue through negotiations.