According to foreign media reports, on December 24, experts and insiders in the automotive industry said that because of concern that China might take trade countermeasures, South Korea is unlikely to impose tariffs on electric vehicles imported from China.
In contrast, the United States and the European Union have taken more stricter tariff measures. The United States has increased the import tariffs on electric vehicles in China by 4 times to 100%, and the EU has decided to impose a maximum tariff of 45.3%of electric vehicles imported from China.
The Ministry of Trade, Industry, and Energy of South Korea is also considering a plan to levy similar tariffs on electric vehicles in Chinese, and said that a detailed guidelines have been formulated. However, insiders believe that the plan is difficult to become a reality due to the high degree of foreign trade in South Korea.
Lee Ho-Geun, a professor of automobile engineering at Daedeok University in South Korea, said: “The Korean economy still relies heavily on China and is very vulnerable to the impact of Chinese potential countermeasures. At the same time, in view of the current political environment of South Korea, South Korea imposed tariffs or tariffs on electric vehicles made in China or The possibility of applying supervision pressure is very small. “
According to data from the South Korean Trade Association, South Korea’s export dependence on China last year reached 19.7%, ranking first in the world, while South Korea’s export dependence on the United States was 18.3%.
People in the car industry said that South Korea cannot take similar restrictions on Chinese -made electric vehicles like the United States or the European Union, otherwise the South Korean economy will be much greater. It is reported that Hyundai Automobile and Kia Automobile are turning strategic focus to China, and recently conducted huge investments in China. If China and South Korea have fallen into any unnecessary trade conflict, these two car manufacturers may face potential countermeasures in China. Risk.