Reported 11 months ago
Last Saturday, the Chinese Ministry of Commerce announced a video conference between Minister Wang Wentao and EU Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis. The EU is set to impose punitive tariffs on electric vehicles from China starting July 4, to which China has urged for tariff cancelation and expressed willingness to negotiate. However, if negotiations fail, retaliatory measures may be taken. The EU's trade policy is turning increasingly protective due to concerns over China's manufacturing-centered development, despite China denying unfair subsidies or overcapacity accusations, attributing the growth of its electric vehicle industry to technological advantages. The fate of the tariffs will be decided after the EU's anti-subsidy investigation ends on November 2. Tensions between China and the EU have worsened due to various issues, including human rights concerns in Xinjiang and geopolitical disputes like Taiwan.
Source: YAHOO