The European Commission has announced plans to impose additional tariffs of up to 38.1 percent on China-made electric vehicles (EVs) starting in July. This move is part of the EU's broader strategy to address what it perceives as unfair trade practices in the rapidly growing EV market.
In response, He Yadong, a spokesperson for the Chinese Ministry of Commerce, stated on Thursday that the EU's anti-subsidy probe “lacks a factual and legal basis.” He emphasized that these measures could disrupt the global EV supply chain and harm consumers by increasing prices of electric vehicles.
This escalating trade tension highlights the competitive dynamics between major global economies in the sustainable automotive sector. As both the EU and China push for advancements in electric vehicle technology, the outcome of this dispute could have significant implications for the future of international trade and the global push towards greener transportation.
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China says EU's anti-subsidy probe lacks factual and legal basis
cgtn.com
