Uh-oh! Looks like the EU is stirring the pot 🍲 with its latest plan to slap extra duties on imports of Chinese electric vehicles (EVs) starting this July. Associations and businesses across the EV industry aren't thrilled, and they're making their voices heard loud and clear.
At a press conference on Thursday, He Yadong, spokesperson for the Chinese Commerce Ministry, warned that the EU's move could harm the legitimate rights and interests of China's EV industry. He pointed out that it doesn't just affect China and Europe but could also throw a wrench into the global automobile industry and supply chains. Yikes!
\"The EU should properly handle economic and trade frictions and expand cooperation in healthy competition to achieve a win-win resolution,\" He suggested. Sounds like a call for teamwork 🤝!
On the same day, the China Council for the Promotion of International Trade (CCPIT) chimed in, expressing strong opposition to the EU's plan. They didn't mince words, calling the move \"notably unfair\" and a \"typical double standard.\"
A CCPIT spokesperson highlighted that the EU's investigation might be violating World Trade Organization (WTO) rules by preventing Chinese carmakers from participating fairly. They emphasized that Chinese industries and businesses are ready to defend their legal rights under WTO regulations.
The CCPIT also pointed out that while the EU criticizes China, it has been providing substantial subsidies to its own EV and battery industries. Talk about double standards! 😯
This brewing conflict raises big questions: Will the EU's plan kick off a trade showdown? And how will it impact the booming global EV market that's crucial for combating climate change?
Stay tuned as we keep an eye on this electric (pun intended ⚡) situation!
Reference(s):
cgtn.com
