By Eliza Popova
At the same time, high costs of loans were burdened by consumers, and thus sales of cars in Russia fell 27% in the first half of this year. And the import of Chinese cars over the same period fell by 62%. Therefore, Chinese car manufacturers are forced to increase exports to other countries abroad. The EU, in turn, introduced an additional import tariff in 2024 to 35% for Chinese electric vehicles, citing unfair competition through the receipt of state subsidies by Chinese producers.
Mexico, which even overtook Russia in terms of exports of Chinese cars early this year, also considers the possibility of raising tariffs for Chinese goods. In this way, the Mexican side tries to improve relations with US President Donald Trump as it wants to agree on a trade agreement with the United States. As the publication notes, at one time it was the Russian market that helped China enter the leaders of world car exports (so it was in 2023).
And the current subsidence of the Russian Federation has already fought on the three most popular Chinese car brands - Geely, Chery and BYD. Earlier it became known that China and Russia will build a new gas pipeline. The Russian Gazprom stated the signing of a legally binding agreement on the construction of Siberia 2 gas pipeline, which will pass to China through Mongolia.
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