EU imposing up to a 79% import duty on Chinese ebikes..

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neptronix   100 GW

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EU imposing up to a 79% import duty on Chinese ebikes..

Post by neptronix » Jan 21 2019 4:12pm

https://electrek.co/2019/01/18/eu-impos ... le-duties/
Through the course of the investigation, it was discovered that a number of Chinese manufacturers were receiving government benefits including preferential lending, preferential financing, and provision of bicycles and components at preferential costs.

Bafang was the only electric bicycle parts distributor to participate in the European Commission’s investigation. According to the European Commission’s report, Bafang provided unfairly reduced prices for certain Chinese electric bicycle manufacturers.
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Re: EU imposing up to a 79% import duty on Chinese ebikes..

Post by flathill » Jan 22 2019 3:45am

Guy told me how it all works...

He moved his plywood factory to China. You sell at or below cost when you export and then all your profit comes from export subsidies. He was getting an 18% export subsidy payment which means his profit margin was 18% if he sold at cost.

9 times higher than his 2% profit margin in the USA

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