The European Union (EU) has taken a bold step by adopting definitive tariffs of up to 45 percent on imports of electric vehicles (EVs) from the Chinese mainland. This decision, approved in a Friday vote, has sparked significant concern and dissatisfaction among both Chinese and European stakeholders.
Responding to the EU's move, a spokesperson from the Ministry of Commerce stated, \"The Chinese mainland firmly opposes the unfair, illegal and unreasonable protectionist practices of the EU, and resolutely opposes the EU additional countervailing duty on Chinese electric vehicles.\" The spokesperson emphasized that the EU's tariffs will not address any underlying issues but will instead undermine the confidence and resolve of Chinese enterprises, hindering their ability to cooperate and invest in Europe.
The China Council for the Promotion of International Trade echoed this sentiment on Saturday, expressing firm opposition to the EU's decision. The council highlighted the importance of resolving differences through dialogue and consultation to achieve solutions that align with the common interests of both parties. This approach aims to promote the healthy and stable development of bilateral economic and trade relations.
Adding to the outcry, the China Chamber of Commerce to the EU described the EU's anti-subsidy investigation into Chinese EVs as a \"politically motivated and unjustified protectionist measure.\" The chamber warned that such actions could undermine the competitiveness of the European market and disrupt the vitality of the global electric vehicle supply chain.
This development marks a significant moment in the global EV market, highlighting the tensions between major economic powerhouses and the ongoing challenges in international trade relations. As the industry continues to evolve, the impact of these tariffs on both the European auto sector and Chinese EV manufacturers remains to be seen.
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EU decision to press ahead with tariffs on Chinese EVs sparks outcry
cgtn.com
