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Things are not going well! 27 countries show their cards ahead of schedule, pointing their guns at China, but the Ministry of Foreign Affairs strikes back

2024-08-24

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According to the Global Times, Foreign Ministry spokesperson Mao Ning recently hosted a regular press conference. At the meeting, a reporter asked: The European Commission recently announced that it plans to impose tariffs of up to 36% on Chinese electric vehicles and expressed its willingness to listen to China's solution. What is China's view on this? In response, Mao Ning said that the spokesperson of the Ministry of Commerce had clearly expressed China's solemn position yesterday, and China's industrial sector and business associations also expressed their firm opposition. She further emphasized that this investigation is a typical act of protectionism and political manipulation, ignoring objective facts, disregarding WTO rules, violating historical development trends, undermining the EU's green transformation process, and weakening global efforts to combat climate change. This approach will ultimately harm others and not benefit oneself.

After nearly a year of repeated consultations, the European Commission's anti-subsidy investigation on Chinese electric vehicles ultimately failed to reach a consensus. According to a report by the Global Times citing foreign media, the European Commission recently announced a draft decision to impose final anti-subsidy duties on pure electric vehicles imported from China. According to the draft, BYD's tax rate is proposed to be 17%, Geely's is 19.3%, SAIC's is 36.3%, and other joint ventures are 21.3%, while the tax rate for non-cooperative enterprises is the same as SAIC's, both 36.3%. It is worth noting that although Tesla is produced in China and is regarded as a "Chinese exporter", its tariff rate is calculated separately and is tentatively set at 9%. In addition, the European Commission has also decided not to retroactively impose anti-subsidy duties on previously imported vehicles.