On August 20, the European Commission released a draft of its final ruling from a duty investigation targeting China's electric vehicle (EV) market. The proposed tariffs range from 17% to 36.3% on Chinese-manufactured EVs, with an additional 9% tariff specifically on Tesla vehicles produced in China.
The decision has sparked criticism from the Chinese Ministry of Commerce, which argued that the European Commission's ruling is based on \"facts\" determined solely by the European side. The ministry contended that the investigation failed to fully consider China's position, suggesting that the EU's actions undermine fair competition and cast a protectionist shadow over free trade.
This development highlights the ongoing tensions in global trade, particularly in the rapidly growing electric vehicle sector. As the EU seeks to regulate and balance its market, the implications for international trade dynamics and the future of sustainable transportation remain to be seen.
Reference(s):
cgtn.com
