The Chinese Ministry of Commerce has criticized the European Union’s recent anti-subsidy probe into China-made electric vehicles (EVs), stating that it lacks a factual and legal basis. On Thursday, spokesperson He Yadong expressed China’s firm opposition to the investigation, which follows the European Commission’s announcement of imposing additional tariffs of up to 38.1 percent on Chinese EVs starting in July.
The European Commission’s decision stems from concerns that Chinese EV manufacturers may be benefiting from state subsidies, allowing them to offer vehicles at lower prices in the European market and potentially impacting local industries.
\”The EU’s actions not only lack factual and legal grounds but also violate World Trade Organization rules,\” He Yadong remarked. He emphasized that such measures could disrupt the global automotive supply chain and harm the interests of both Chinese and European consumers and businesses.
China is urging the EU to reconsider its stance and engage in dialogue to foster a fair and cooperative trade environment. \”We hope the EU will uphold principles of openness and avoid adopting protectionist measures,\” He added.
The escalating tensions come amid a rapidly expanding global EV market. China’s significant growth in EV exports to Europe has raised competitiveness concerns among European automakers. Industry analysts warn that imposing additional tariffs could lead to retaliatory measures and potentially ignite a trade conflict between two major economies, affecting international trade dynamics and the global push towards sustainable transportation.
Reference(s):
China says EU's anti-subsidy probe lacks factual and legal basis
cgtn.com
