China wants EU to scrap higher tariffs and ‘abide by WTO rules’

[Pelican Press 0]

China wants EU to scrap higher tariffs and ‘abide by WTO rules’

GUANGZHOU, CHINA – NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty Images)

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China wants the ********* Union to revoke its decision to impose provisional tariffs on ******** electric vehicles after both sides agreed to hold new talks,

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on Sunday.

China’s commerce minister Wang Wentao and Valdis Dombrovskis, executive vice president of the ********* Commission, agreed to begin discussions on the EU’s anti-subsidy investigation into ******** EVs, Beijing said in a

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on Saturday.

The ideal outcome China wants is for the ********* Commission to revoke its tariff decision by July 4 and adhere to World Trade Organization rules,

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reported, quoting observers.

The EU’s provisional duties of up to 38.1% on ******** EV imports are set to kick in by July 4 if discussions with ******** authorities do not result in a resolution, the commission said in a

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earlier this month.

This is in addition to standard 

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.

Scrapping the tariff decision on ******** EVs would benefit both sides, the report quoted observers, adding that the economic and trade cooperation between China and the EU was “huge” and both sides were dependent on each other..

The EU’s moves will invite countermeasures from China, experts warned, adding that both sides stand to lose unless the situation is resolved.

China has firmly opposed the tariffs, saying the

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and could violate WTO rules, its commerce ministry said on June 14. A ******** official told CNBC last week that the EU’s probe into ******** EVs was overly selective and that the results were not credible.

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Autos,Politics,Breaking News: Politics,Technology,Breaking News: Technology,business news
#China #scrap #higher #tariffs #abide #WTO #rules

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