world : EU threatens China EVs with tariffs of up to 38%

world : EU threatens China EVs with tariffs of up to 38%
world : EU threatens China EVs with tariffs of up to 38%

Wednesday 12 June 2024 11:47 PM

Nafeza 2 world - The decision has drawn criticism not just from China, but also from politicians within the EU and several industry figures.

China's foreign ministry spokesperson In Jian said the "anti-subsidy investigation is a typical case of protectionism".

He added that the tariffs might also risk damaging "China-EU economic and trade co-operation and the stability of the global automobile production and supply chain".

The tariffs will apply definitively from November unless there is a qualified majority of EU states - 15 countries representing at least 65% of the bloc's population - voting against the move.

Germany's Transport Minister, Volker Wissing, said it risked a "trade war" with Beijing.

"The European Commission's punitive tariffs hit German companies and their top products," he wrote on X, formerly known as Twitter.

The ACEA, the European Automobile Manufacturers' Association, said that "free and fair trade" was essential in making sure that the European car industry remains competitive.

They added, however, that it was just one piece of the puzzle when thinking about how to boost the adoption of electric cars.

Mercedes-Benz and Stellantis — which owns Citroën, Peugeot, Vauxhall, Fiat, and several other brands — also spoke out, emphasising the importance of free trade.

Stellantis said it does not support measures that "contribute to the world fragmentation [of trade]".

Some EU car companies have called for a bloc-wide industrial policy to deal with global competition.

Last year, more than eight million electric vehicles were sold in China – about 60% of the global total, according to the International Energy Agency’s annual Global EV Outlook., external

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