EU Urged to Reconsider Tariffs on Chinese EVs as Negotiations Begin
Money | June 23, 2024, 1:44 p.m.
China and the EU recently agreed to start consultations on the anti-subsidy investigation into Chinese electric vehicles, highlighting China's eagerness to resolve trade disputes through dialogue. The move comes as EU officials express concerns over the negative impact that politically-driven tariffs could have on European companies and consumers. With the two sides being major trade partners, it is vital to address disputes through talks rather than risk escalating trade frictions. Chinese Commerce Minister Wang Wentao emphasized China's readiness for sincere dialogue, offering to consider reasonable concerns from both sides to prevent further conflicts. The European Commission's proposed tariffs on Chinese products have raised eyebrows and are viewed as unfair and groundless by Chinese observers. The key to resolving these issues lies in diplomatic engagement and adherence to WTO rules, rather than succumbing to political pressure or protectionist measures. Cooperation between China and the EU on emerging technologies, such as electric vehicles, is essential for both parties to advance towards sustainability and economic growth.