GUANGZHOU, CHINA – NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the 2023 Guangzhou Auto Show at China Import and Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province, China. (Photo by Chen Yihang/VCG via Getty Images)
VCG | China Optical Group | Getty Images
China wants the European Union to cancel its decision to impose temporary tariffs on Chinese electric cars after the two sides agreed to hold new talks. Global Times reported Sunday.
Chinese Trade Minister Wang Wentao and Valdis Dombrovskis, executive vice president of the European Commission, agreed to start discussions on the EU’s anti-subsidy investigation into Chinese electric vehicles, Beijing said in a statement. statement on saturday.
The Global Times newspaper, citing observers, reported that the ideal outcome that China wants is for the European Commission to cancel its decision on the tariffs by July 4 and adhere to the rules of the World Trade Organization.
The Commission said in a statement that temporary duties imposed by the European Union of up to 38.1% on imports of Chinese electric cars are scheduled to take effect by July 4 if discussions with Chinese authorities do not result in a decision. statement Advance this month.
This is in addition to the standard A 10% customs duty is already imposed on imported electric vehicles.
The report quoted observers that canceling the customs tariff decision on Chinese electric vehicles would benefit both sides, adding that economic and trade cooperation between China and the European Union was “huge” and the two sides were dependent on each other.
Experts warned that the EU’s moves would invite countermeasures from China, adding that both sides stand to lose unless the situation is resolved.
China strongly opposed the tariffs, saying… This move amounted to “blatant protectionism.” The Chinese Ministry of Commerce said on June 14 that it may violate World Trade Organization rules. A Chinese official told CNBC last week that the EU’s investigation into Chinese electric vehicles was overly selective and that the findings were not credible.
Read the Full report In the Global Times.
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