Beijing rebukes additional EU tariffs on Chinese EVs
The Ministry of Foreign Affairs (MOFA) on Wednesday criticised additional European Union tariffs on Chinese electric vehicles (EVs), saying the move violated market economy principles and international trade rules. MOFA spokesperson Lin Jian said any additional tariffs on Chinese EVs would eventually undermine the EU's own interests, adding Beijing would take all necessary measures to protect its lawful rights. Lin's comments came ahead of an announcement by the European Commission that it would apply additional duties of up to 38.1 percent on imported Chinese electric vehicles from next month. Less than a month after the United States quadrupled duties for Chinese EVs to 100 percent, Brussels said it would set tariffs of 17.4 percent for BYD, 20 percent for Geely and 38.1 percent for SAIC over what it said were excessive subsidies. The EU provisional duties are set to apply by July 4, with an anti-subsidy investigation set to continue until November 2, when definitive duties, typically for five years, could apply. Margaritis Schinas, a European Commission vice president, told a news conference that Chinese-built cars were benefiting from unfair levels of subsidies, threatening EU producers. "On this basis the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways for resolving the issues identified," he said. The Commerce Ministry also said China is strongly dissatisfied with the European plan to impose provisional duties on imports of Chinese electric vehicles, saying the move ignored facts and World Trade Organisation rules.  The ministry said Beijing will resolutely take all necessary measures to safeguard the legitimate rights of Chinese companies. (Reuters/Xinhua)_____________________________
Last updated: 2024-06-12 HKT 19:13 