The United Kingdom has confirmed it will not introduce tariffs on electric vehicle (EV) imports from China, distinguishing itself from the European Union, Canada, and the United States.
According to UK Trade Minister Jonathan Reynolds, there have been no formal complaints from British businesses to the country’s Trade Remedies Authority (TRA) regarding Chinese-made EVs.
Reynolds, speaking at the UK’s International Investment Summit, emphasized the importance of keeping export markets open for British producers. “I do have the power as the Secretary of State to make that referral… We keep it under close analysis, but I think it’s important our industry is different, and as of yet [the] industry itself hasn’t asked for that referral to the TRA,” he noted.
The European Union recently approved tariffs on China-made EVs following an anti-subsidy investigation by the European Commission. These tariffs will be in place for five years, though the EU remains open to further discussions with China.
In contrast, Reynolds explained that the UK’s trade relationship with China remains limited, and the focus of current trade negotiations is on other regions. “We’ve got a new round of talks with the Gulf Co-operation Council very soon, maybe as soon as next week. And similarly with India, that’s a priority as well.”
While China is not a primary focus for Britain’s trade efforts, Reynolds acknowledged that engagement with the country could be beneficial, though the UK’s trade priorities lie elsewhere.
Source: Reuters