China is hitting back! 🇨🇳🚀
On Tuesday, China's Ministry of Commerce slammed the European Commission's plan to impose hefty import duties of up to 36.3% on Chinese electric vehicles (EVs). The move might just spark a new wave in the global EV market! ⚡🌐
According to a spokesperson from the ministry, China opposes the EU's draft plan, which aims to make these tariffs definitive. The spokesperson emphasized that China will take all necessary measures to defend the legitimate rights and interests of Chinese enterprises.
Just last month, the EU imposed provisional additional tariffs of up to 37.6% on Chinese EV makers after launching an anti-subsidy probe on Chinese EVs in October 2023.
\"The European Commission's anti-subsidy investigation process on Chinese EVs did not comply with World Trade Organization rules and is an act of unfair competition under the guise of fair competition,\" the spokesperson declared.
Throughout the investigation, the Chinese government and the EV industry have been proactive. They've provided substantial legal documents and evidence through questionnaires, written comments, and statements at hearings. Talk about a robust defense! 📝💪
The ministry warns that the EU's actions could disrupt the stability of the global automotive supply chain and harm European consumers. Not to mention, it could undermine the EU's green transformation goals and global cooperation in battling climate change. 🌍🌱
Since the end of June, both sides have engaged in over 10 rounds of technical consultations on this issue. The spokesperson urged the EU to take practical steps to prevent an escalation of trade disputes.
Will this tension between China and the EU shake up the EV market? Only time will tell. Stay tuned! 🔄⏳
Reference(s):
cgtn.com
