WTO

The outgoing European Commission has upscaled the use of unilateral trade instruments to achieve security, competitiveness and sustainability objectives. In times of environmental crises and rising geopolitical tensions, the incoming European Commission should implement the ambition to embed European trade within planetary boundaries and revive international cooperation around environmental trade goals.

On 12 June 2024, the European Commission announced additional preliminary tariffs of up to 38% on Chinese electric vehicles (EVs). This is based on an EU anti-subsidy investigation, which found that China is extensively subsidising its automotive sector. The United States also recently raised comparable tariffs to 100%. At the same time, some large European car manufacturers are anxious about potential retaliatory measures by China.