The European Union has imposed a maximum tariff of 66.7% on Chinese aerial work equipment

The European Commission announced on Monday (April 28) that it has imposed tariffs of up to 66.7% on Chinese imports of aerial work platform lifting equipment. The reason is that an investigation found that Chinese manufacturers benefited from unfair subsidies and sold their products in the EU market at artificially depressed prices.

Reuters reported that the European Commission pointed out that the additional tariffs on China's mobile lifting equipment (MAE) this time will range from 20.6% to 66.7%, aiming to protect local EU manufacturers from maintaining competitiveness in a market with an annual output value of more than 1 billion euros (about 1.5 billion Singapore dollars).

The survey results show that Chinese mobile lifting equipment manufacturers have gained unfair advantages through preferential financing, government subsidies, and obtaining raw materials at prices lower than the market rate.

The European Commission pointed out that from 2020 to October 2022, the market share of Chinese enterprises in the EU market has risen from 29% to 41%, and the prices of their products are generally about 20% lower than those of local EU competitors.

The new tariffs will apply to Chinese enterprises including Hunan Xingbang Intelligent Equipment Co., LTD., Zoomlion Intelligent Aerial Work Platform Machinery Co., LTD., and Zhejiang Dingli Machinery Co., LTD. Among local manufacturers in the European Union, French enterprises Haulotte and Manitou are the main representatives.

This measure is part of a series of anti-dumping and anti-subsidy actions recently taken by the European Union against Chinese products, including a large-scale investigation into Chinese electric vehicles in October last year.

At present, the European Union has imposed anti-dumping or countervailing duties on nearly 80 kinds of Chinese products, covering areas ranging from truck tires to ironing boards.