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China Accuses EU of Unjustified Tariff Hike on Electric Vehicles

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
China Accuses EU of Unjustified Tariff Hike on Electric Vehicles

China Accuses EU of Unjustified Tariff Hike on Electric Vehicles

China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.

'The Independent' reports that China's Commerce Ministry has accused the European Union of conducting an unreasonable investigation and implementing an unjustified increase in tariffs.

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'The Independent' reports that China's Commerce Ministry has accused the European Union of conducting an unreasonable investigation and implementing an unjustified increase in tariffs.

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On June 20, ministry spokesman He Yadong accused the EU of demanding an excessive amount of information from Chinese automakers.

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The types, scope, and amount of information collected by the European side are unprecedented, far exceeding the requirements of anti-subsidy investigations, He Yadong, China's Commerce ministry spokesman, via 'The Independent' .

According to He, this information included details on everything from manufacturing to product formulas from Chinese electric car and battery producers.

After Chinese companies did their best to cooperate with the investigation and provided information, .., He Yadong, China's Commerce ministry spokesman, via 'The Independent' .

... the European Commission still unreasonably accused Chinese companies of not fully cooperating and imposed punitive high tax rates, He Yadong, China's Commerce ministry spokesman, via 'The Independent' .

He added that Chinese companies involved with the investigation were left feeling "shocked and disappointed.".

The spokesman went on to state that any additional measures or provisional increases in tariffs lack a "factual and legal basis.".

'The Independent' reports that the EU plans to impose new provisional tariffs between 17.4% and 38.1% on Chinese EVs starting on July 4.

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Those tariffs would apply to all foreign brands of electric vehicles exported to the EU, including Tesla.

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The EU has stated that it wants to discuss its investigation with authorities in China and seek a way to resolve any issues.


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