The government looks forward to reaching an agreement with the EU regarding potential trade sanctions on battery-powered vehicles.
China's Foreign Ministry urges a negotiated solution in the ongoing dispute with the European Union regarding potential anti-dumping tariffs on electric cars. The EU Commission must drop its ongoing investigation as stated in a press release on Thursday. Spokespeople from the Ministry of Commerce believe that tariffs are "unfair" and not in line with international rules. Economic and trade issues should be resolved through consultations, they added.
The announcement comes as the EU Commission weighs the possibility of imposing anti-dumping tariffs on Chinese electric cars, similar to actions taken by the United States. The US will raise their tariffs to 100% from August, citing the Chinese government's alleged subsidies for their manufacturers through high subsidies, giving them an unfair competitive edge.
Reportedly, the European Commission has postponed its decision on anti-dumping tariffs on Chinese electric cars until after the European elections. The new deadline is now set for June 10, according to a source close to the matter, speaking with news agency Reuters. This change was initially said to be due to a technical issue with the related document. However, "Spiegel" speculates that the delay is intended to avoid adding this issue to the election campaign.
The original decision was supposed to be made on June 5, well before the European Parliament elections, which run from June 6 to 9. When responding to the reports, an EU Commission spokesperson pointed out that the date of June 10 had not been confirmed.
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- The Chinese Foreign Ministry advocated for a negotiated solution in the dispute between China and the EU, as the EU Commission contemplated imposing punitive tariffs on Chinese electric cars.
- The negotiation for a negotiated solution comes as the EU Ministry of Trade considers the possibility of implementing retaliatory measures against Chinese exports, due to what they perceive as the Chinese government's unfair subsidies for electric car manufacturers.
- In response to the EU's potential punitive tariffs, the Chinese Ministry of Trade has asserted that such tariffs would not adhere to international trade rules and are considered "unfair."
- The European Commission has delayed their decision on imposing punitive tariffs on Chinese electric cars until June 10, as the Chinese government, through their Ministry of Trade, negotiates for a more amicable solution with the EU government.
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