The Los Angeles Post
U.S. World Business Lifestyle
Today: April 12, 2025
Today: April 12, 2025

EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua

FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory
October 05, 2024
Reuters - Reuters

BEIJING (Reuters) - The European Commission's decision to press ahead with tariffs on Chinese-made electric vehicles threatens to undermine decades of cooperation between China and the EU, and endangers climate-change goals, Xinhua news agency said on Saturday.

On Friday, the EU said it would push forward with hefty tariffs on China-made EVs, even after the bloc's largest economy Germany rejected them. The dispute is its biggest trade row with Beijing in a decade.

State-run Xinhua said the move revealed a "deep-seated protectionist impulse".

"Instead of fostering co-operation, these tariffs risk sparking a trade conflict that could harm not only China-EU relations but also Europe's own ambition for a green transition," it said.

"The path forward is clear: Protectionist tariffs must be abandoned in favor of continued negotiations."

European imports of Chinese-made EVs have soared in recent years, raising concerns among some domestic EV producers that they could suffer significant losses from a wave of cheap Chinese electric vehicles.

The proposed duties on EVs built in China of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years.

The Commission, which oversees the bloc's trade policy, has said the tariffs would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation. It said on Friday, however, that it would continue talks with Beijing.

A possible compromise could be to set minimum sales prices.

China's Commerce Ministry has expressed strong opposition to the planned tariffs, calling them "unfair, non-compliant and unreasonable." It has launched a challenge to them at the World Trade Organization.

In what has been seen as retaliatory moves, Beijing this year launched probes into imports of EU brandy, dairy and pork products.

The U.S. imposes a 100% duty on imported Chinese EVs.

(Reporting by Amy Lv and Anne Marie Roantree; Editing by Edwina Gibbs)

Related Articles

That seat will cost how much? US businesses already seeing impact of Trump tariffs Trump trade team chases 90 deals in 90 days. Experts say good luck with that Trump envoy's embrace of Russian demands worries Republicans, U.S. allies Taiwan holds first tariff talks with United States
Share This

Popular

Business|Economy|Political|Technology|World

Kevin O'Leary says US has to train China 'like a puppy'

Kevin O'Leary says US has to train China 'like a puppy'
Business|Economy|Political|Technology|US

Smartphones and computers are now exempt from Trumpโ€™s latest tariffs

Smartphones and computers are now exempt from Trumpโ€™s latest tariffs
Business|Economy|Political|Technology|US

Trump administration says it will exclude some electronics from reciprocal tariffs

Trump administration says it will exclude some electronics from reciprocal tariffs
Business|Economy|Europe|Political

UK government takes over day-to-day running of British Steel from Chinese owner Jingye

UK government takes over day-to-day running of British Steel from Chinese owner Jingye

Economy

Business|Economy|Europe|Political

UK government takes over day-to-day running of British Steel from Chinese owner Jingye

UK government takes over day-to-day running of British Steel from Chinese owner Jingye
Business|Economy|Political|Technology|US

Judge relaxes ban on DOGE access to sensitive US Treasury information

Judge relaxes ban on DOGE access to sensitive US Treasury information
Economy|Political|Technology|US

US excludes smartphones, computers from Trump's reciprocal tariffs

US excludes smartphones, computers from Trump's reciprocal tariffs
Business|Economy|Political|US

That seat will cost how much? US businesses already seeing impact of Trump tariffs

That seat will cost how much? US businesses already seeing impact of Trump tariffs

Access this article for free.

Already have an account? Sign In