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In a statement, the European Commission announced this past Wednesday that it has provisionally concluded that China's battery electric vehicle value chain is benefiting from unfair subsidies, which constitutes a threat of economic injury to EU producers of such vehicles. The Commission has therefore contacted the Chinese authorities to discuss these findings and explore possible ways to resolve the problems identified in a WTO-consistent manner.
In this context, the Commission has previously communicated should talks with the Chinese authorities not lead to an effective solution, an additional provisional duty of between 17.4% and 38.1% will be imposed on electric vehicles from China as of July 4 of this year.
On Thursday, Cui Hongjian, a professor at the Academy of Regional and Global Governance at Beijing Foreign Studies University, told the Global Times, China's official government newspaper, that he expects Chinese authorities to respond and retaliatory measures to be implemented soon.
Following the announcement of the tariffs, European dairy farmers and pork exporters are on high alert for possible retaliatory tariffs from China.
According to Global Times, some Chinese companies submitted a formal request to the authorities for an anti-dumping investigation on pork imports from the EU.
June 14, 2024/ 333 Staff with information from Global Times and the European Commission.
