China Objects to EU EV Tariffs, Seeks Price Floor Negotiations
Beijing has firmly objected to the European Commission's decision to impose additional countervailing duties on Chinese-made electric vehicles, which range up to 35.3% for a five-year period. According to a spokesperson from China’s Ministry of Commerce, the Chinese government is actively pushing for ongoing negotiations with Brussels to establish a price floor on these imports as an alternative solution. Since talks between China’s Commerce Minister Wang Wentao and EU Trade Commissioner Valdis Dombrovskis on September 19, both sides have conducted six rounds of technical consultations within 14 days. The spokesperson urged the EU to demonstrate political will and return to resolving trade frictions through consultation. Although the EU stated it had secured the necessary support to adopt the tariffs, it confirmed that discussions with Beijing would continue to explore alternatives. Former WTO Director-General Pascal Lamy previously suggested that a 'price undertaking' agreement, preventing sales below a minimum price, could resolve the dispute. This development highlights the intensifying trade tensions between the two economic powers regarding the automotive sector.
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China Objects to EU EV Tariffs, Seeks Price Floor Negotiations
Beijing has firmly objected to the European Commission's decision to impose additional countervailing duties on Chinese-made electric vehicles, which range up to 35.3% for a five-year period. According to a spokesperson from China’s Ministry of Commerce, the Chinese government is actively pushing for ongoing negotiations with Brussels to establish a price floor on these imports as an alternative solution. Since talks between China’s Commerce Minister Wang Wentao and EU Trade Commissioner Valdis Dombrovskis on September 19, both sides have conducted six rounds of technical consultations within 14 days. The spokesperson urged the EU to demonstrate political will and return to resolving trade frictions through consultation. Although the EU stated it had secured the necessary support to adopt the tariffs, it confirmed that discussions with Beijing would continue to explore alternatives. Former WTO Director-General Pascal Lamy previously suggested that a 'price undertaking' agreement, preventing sales below a minimum price, could resolve the dispute. This development highlights the intensifying trade tensions between the two economic powers regarding the automotive sector.
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