China to retaliate if Europe raises EV tariffs
Beijing hopes France and Germany will block the EU from imposing extra tariffs on Chinese electric vehicles.Beijing has vowed to retaliate if the European Union defies its warning and imposes new tariffs on Chinese electric vehicles (EVs). Currently, there is a 10% tariff on all imported cars in Europe. The EU originally set the date to announce its decision related to provisional tariffs on Chinese EVs for June 5 but it postponed the announcement to June 10, according to Reuters.
The report said the delay aims to avoid affecting the European Parliament election, which will be held on June 6-9.
Chinese Commerce Minister Wang Wentao told some Chinese enterprises in Barcelona, Spain, on June 1 that the investigations recently initiated by the EU into Chinese EVs and other products were conducted under false pretexts such as Chinese overcapacity and unfair competition.
He said these probes involved discriminatory use of trade remedies, international procurement instruments, and foreign subsidy regulations. He added that those moves had increased the risk of escalating China-EU trade frictions.
Kaynak: Evrim