The European Union's decision to impose tariffs of up to 45% on electric vehicles (EVs) imported from the Chinese mainland has stirred up a storm of reactions. Both Chinese and European officials are voicing serious concerns, warning that this move could backfire on the European auto industry. 😬
\"China firmly opposes the unfair, illegal, and unreasonable protectionist practices of the EU,\" a spokesperson from the Ministry of Commerce declared on Friday. \"This will not solve any problems but only shake the confidence of Chinese enterprises and hinder cooperation and investment in Europe.\" 💔
Echoing these sentiments, the China Council for the Promotion of International Trade expressed its firm opposition on Saturday. They emphasized the importance of resolving differences through dialogue and consultation to reach a solution that benefits both parties and promotes healthy and stable economic relations. 🕊️🤝
The China Chamber of Commerce to the EU didn't hold back either, labeling the EU's anti-subsidy investigation into Chinese EVs as a \\"politically motivated and unjustified protectionist measure.\\" They warned that such actions \\"undermine the competitiveness of the European market and the vitality of the global electric vehicle supply chain.\\" ⚠️🌐
European manufacturers are also wary. Some industry insiders fear that tariffs could lead to higher prices for consumers and strain in EU-China trade relations. \\"It's like shooting ourselves in the foot,\\" one auto executive commented. \\"We need cooperation, not conflict.\\" 🚫🔫👣
With the global push for greener transportation, the stakes are high. 🌍♻️ The world will be watching to see if the EU and China can navigate these turbulent waters and find common ground. Stay tuned! 👀
Reference(s):
EU decision to press ahead with tariffs on Chinese EVs sparks outcry
cgtn.com
