The trade winds between the Chinese mainland and the European Union are stirring as tensions rise over electric vehicle (EV) tariffs. China's Ministry of Commerce (MOC) has emphasized the importance of \"facts and rules\" in the ongoing consultations surrounding the EU's anti-subsidy probe into Chinese EVs.
\"The facts should be objective and mutually recognized by both parties, rather than unilaterally determined,\" stated MOC spokesperson He Yongqian. This call for fairness underscores China's belief that its competitive edge in the EV market isn't rooted in subsidies, but rather in innovation and efficiency.
On July 4, the European Commission introduced provisional additional tariffs of up to 37.6 percent on Chinese EV makers. These tariffs have been met with widespread criticism, being labeled as protectionist measures that could hinder global green initiatives and lead to increased costs for consumers across the EU.
In response to these developments, the Chinese mainland has reiterated its commitment to finding a mutually acceptable solution to this trade dispute. Furthermore, on Wednesday, the MOC launched a trade and investment barrier investigation into the EU's foreign subsidy investigations, signaling a deepening of the trade conflict.
The escalating situation not only affects the auto industries of both regions but also has broader implications for global sustainability efforts. As the world pushes towards greener technologies, the collaboration between China and the EU could play a pivotal role in shaping the future of the automotive sector.
Both parties are now urged to base their decisions on objective facts and maintain open channels of communication to foster shared development and innovation in the EV landscape.
Reference(s):
China calls on EU to acknowledge facts amid EV anti-subsidy probe
cgtn.com
