THE European Union is pressing ahead with tariffs of up to 45 per cent on Chinese electric vehicles, sharply escalating the trade war between the 27-member bloc and Beijing over allegations of unfair industrial subsidies, reports London's Financial Times.
The tariffs, which come this week and will be imposed for five years, come after the eu rejected China's claims that it was introducing protectionist measures without evidence that Chinese vehicles were receiving undue state support.
The new duties also come on top of an existing 10 per cent tariff on Chinese car imports in the bloc.
The two sides said they would continue talks, including over the introduction of 'minimum prices' for Chinese-made vehicles sold in Europe. That level would have to be high enough to compensate for the 'injurious subsidisation' that Chinese manufacturers received and which allowed them to undercut European rivals, an EU official said.
China's commerce ministry said in that Beijing would 'continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies'. It added that it hoped Brussels could work with Beijing in a 'constructive manner' to resolve the dispute through dialogue.
SeaNews Turkey
The tariffs, which come this week and will be imposed for five years, come after the eu rejected China's claims that it was introducing protectionist measures without evidence that Chinese vehicles were receiving undue state support.
The new duties also come on top of an existing 10 per cent tariff on Chinese car imports in the bloc.
The two sides said they would continue talks, including over the introduction of 'minimum prices' for Chinese-made vehicles sold in Europe. That level would have to be high enough to compensate for the 'injurious subsidisation' that Chinese manufacturers received and which allowed them to undercut European rivals, an EU official said.
China's commerce ministry said in that Beijing would 'continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies'. It added that it hoped Brussels could work with Beijing in a 'constructive manner' to resolve the dispute through dialogue.
SeaNews Turkey
