La China fa appeal against i EU duties. Beijing, in fact, has filed an application before theWorld Trade Organization (that is to say Wto) thus getting in the way of the duties recently imposed definitives from the European Union on Imports of e-cars made in China. This is a move that is set to escalate disputes that are straining trade relations between the two sides. Beijing, according to a statement from ministry of commerce, brought the case before the WTO dispute settlement mechanism to “safeguard the development interests” of the food industry. electric vehicles, reiterating “strong opposition to EU duties” seen as “trade protectionism in the name of anti-subsidy compensation”.
China, here's why Beijing resorts to the WTO
China, therefore, "firmly opposes" the definitive measures of the European Union entered into force on 31 October on the imposition of “high countervailing duties on Chinese-made electric vehicles, despite a flurry of objections raised by stakeholders, including EU member state governments, industry and the public,” a spokesperson for the Ministry of Commerce said in a statement.
To this end, to safeguard the development interests of the electric vehicle industry and global cooperation on green transformation, China “has decided to appeal to the WTO dispute settlement mechanism,” the spokesperson added.
China, the numbers of the new European duties
I New European tariffs stand at 7,8% for Teslas produced in Shanghai, at 17% for BYD e-cars, 18,8% for Geely and at the 35,3% for Saic. Instead, for the other groups that collaborated in the Brussels Antitrust investigation, the import surcharge is 20,7% compared to 35,3% valid for all reticent companies. Overall, adding the 10% tax already in force, the tariffs have reached the 45% share and a duration of five years.
EU duties, what was Beijing's revenge?
Beijing, in response, has also launched investigations into EU subsidies to some products dairy products and pork meat imported from the Dragon, in addition to sanction the brandy, and is working on the Increase in tax rates from 15 to 25% for large-engined cars. The growing trade tensions between Beijing and Brussels are not limited to electric vehicles, with the EU also investigating Chinese subsidies in the automotive sector. solar panels and wind turbines.
The European Union is not the only one to have imposed high tariffs on the Dragon's e-cars: in recent months, Canada and USA They have introduced much higher measures, equal to 100%, to curb the possible distorting effects on national industries.
