The situation became even more tense, Beijing reacted strongly, sending a message to the WTO.

On October 30, China reacted strongly after the European Commission (EC) announced the final results of its anti-subsidy investigation into electric vehicles.

The EU will impose new tariffs of up to 35.3%, in addition to the existing 10% tariff, on electric vehicles imported from China. (Source: Reuters)

A spokesperson for China's Ministry of Commerce stated that the country has repeatedly pointed out that the investigation conducted by the European Union (EU) has many unreasonable points, is inconsistent with regulations, and is an act of protectionism under the guise of "fair competition."

Beijing disagrees with and rejects this ruling, taking the case to the World Trade Organization (WTO). At the same time, it will continue to take all necessary measures to protect the legitimate rights of its businesses.

A spokesperson for China's Ministry of Commerce added that the country is also paying attention to the European side's expression of willingness to continue negotiations on price commitments.

Beijing advocates resolving trade disputes through dialogue and negotiation.

The Chinese Chamber of Commerce in the EU also expressed deep disappointment with the bloc's "protectionist" and "authoritarian" measures, and concern about the lack of significant progress in negotiations to find alternatives to tariffs.

Previously, on October 29, the 27-member bloc agreed to impose additional tariffs on electric vehicles imported from China after negotiations with Beijing failed to reach an agreement to end the deadlock.

In its final decision, the EC confirmed that the EU will impose a new maximum tariff of up to 35.3%, in addition to the existing 10% tariff, on electric vehicles imported from China.

Specifically, the tax on Chinese electric vehicle manufacturers will be 17% for BYD vehicles, 18.8% for Geely vehicles, and 35.3% for vehicles from the state-owned SAIC. Geely owns brands including Polestar and Sweden's Volvo, while SAIC owns the UK's MG, one of Europe's best-selling electric vehicle brands.

The EC argues that imposing anti-dumping duties is necessary to address the unfair subsidies provided by the world's second-largest economy , including financial incentives, land grants, batteries, and raw materials sold below market prices.

According to the EC, China's excess production capacity is estimated at 3 million EVs per year, double the size of the EU market.

Source: https://baoquocte.vn/trung-quoc-eu-tinh-hinh-them-cang-bac-kinh-phan-ung-manh-ban-tin-den-wto-291928.html