The European Union (EU) voted on Friday to impose tariffs of up to 45 percent on imports of battery electric vehicles (EVs) manufactured in China, a move that has ignited significant opposition from various EU member states and the automotive industry.
The decision has been met with strong reactions from both sides. The China Council for the Promotion of International Trade expressed firm opposition on Saturday, emphasizing that China and the EU should resolve their differences through dialogue to reach a solution that aligns with the interests of both parties.
Furthermore, China’s Ministry of Commerce on Friday also expressed strong opposition to the EU’s decision, considering it “unfair, non-compliant and unreasonable,” while acknowledging the EU’s willingness to continue negotiations.
Amid rising tensions, technical teams from China and the EU are scheduled to resume talks on October 7, aiming to find common ground and mitigate the impact on the global automotive industry.
The European automotive industry has also voiced concerns over the tariffs. Several EU member states fear that the move could trigger retaliatory measures from China, potentially harming European exports and escalating trade tensions.
Industry analysts warn that the tariffs could lead to increased costs for consumers and disrupt supply chains, affecting the availability and affordability of electric vehicles in the European market.
As the global push toward sustainable transportation continues, the outcome of the upcoming negotiations between China and the EU will be closely watched by stakeholders worldwide, with hopes that a mutually beneficial agreement can be reached.
Reference(s):
cgtn.com
