Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), has voiced strong criticism against the European Union's recent decision to impose additional tariffs on Chinese electric vehicles (EVs). According to Hongbin, these tariffs not only breach the World Trade Organization's framework but also violate existing trade agreements.
Hongbin emphasized that the EU's move is detrimental to both Chinese exporters and the broader EU economy. By placing higher barriers on Chinese EVs, the EU risks limiting consumer choices and increasing costs for European businesses reliant on these vehicles.
Such trade tensions could potentially disrupt the growing global EV market, hindering progress toward sustainable transportation goals. Both regions stand to lose economically, highlighting the need for collaborative solutions that adhere to international trade rules.
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CCPIT chairman: EU's tariffs on China's EVs detrimental to both sides
cgtn.com
