BMW seeks minimum price deal with EU to avoid tariffs on Chinese Minis

BMW is negotiating a minimum price deal with the EU to replace tariffs on electric Minis. This follows a similar exemption granted to Volkswagen brands.

Insights:
BMW and the European Commission are currently negotiating a minimum import price model that could replace existing European Union EUEU tariffs on China-made EVs for the automaker’s Mini electric models. These discussions aim to alter the application of the 20.7% anti-subsidy tariff that the Commission imposed on electric vehicles produced in China CNCN in October 2024. The talks are currently under way and follow a similar tariff-exemption approach recently agreed with Volkswagen AG , which has set a new precedent for the sector.
FILE PHOTO: The BMW logo is seen on a vehicle at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. REUTERS/Bob Strong/File Photo
FILE PHOTO: The BMW logo is seen on a vehicle at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. REUTERS/Bob Strong/File Photo
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