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UK: UK's choice not to follow EU tariffs to benefit consumers

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London, UK - Recent The United Kingdom's (UK) choice not to follow European Union (EU)'s imposition of additional tariffs on Chinese electric vehicles (EV) will benefit its consumers, said British car dealers. The European Commission, the EU's executive arm, announced on Tuesday its decision to impose definitive countervailing duties ranging from 7.8 percent to 35.3 percent on EVs imported from China for a five-year period. The UK had previously announced it had no intent to follow suit, which has been welcomed by car dealers in the country. Jack Perry, chairman of the 48 Group Club and CEO of the London Export Corporation, noted that the EU's decision to impose additional tariffs on Chinese EVs is short-sighted and will have negative long-term impacts on the EU. Shotlist: London, UK - Recent: 1. Buildings, pedestrians, traffic; FILE: London, UK - Dec 2023 2. Various of dealership of Chinese EV brand MG, pedestrians; 3. Various of dealership of Chinese EV brand BYD; London, UK - Oct 30, 2024 4. SOUNDBITE (English) Nick Weerakoon, salesman for Chinese EV brand (partially overlaid with shot 5): "I hear from every client from young generations to older generations, it's affordable, and it's luxurious. I think as a country, the UK took the right decision. If the Chinese products are here, which mean you can have a lot of options to select. And then on the other hand, it will mutually benefit sharing knowledge, because China produces the world's largest batteries and they are the leader of battery manufacturing, and why we are refusing it? We should welcome them. I think it's a great decision for everyone."; [SHOT OVERLAYING SOUNDBITE] FILE: London, UK - Dec 2023 5. Various of signs of BYD; [SHOT OVERLAYING SOUNDBITE] FILE: Coventry, UK - April 2024 6. Various of interior of automobile plant, new car being charged; London, UK - Oct 30, 2024 7. SOUNDBITE (English) Jack Perry, chairman of 48 Group Club, CEO of London Export Corporation: "I think EU's decision is a short-term solution that will bring long-term problems. They will slow down and not be connected to the world in high quality, which is an area in renewable energy and high-quality development. So, I believe that they will lose traction and the consumers will be paying more in the long run. Yes, it will look like it's helping the domestic market in the beginning, but it's not forward thinking."; London, UK - Recent 8. Various of traffic, pedestrians. [Restriction - No access Chinese mainland]

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