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EV tariffs will hurt Germany, China, says Chinese minister
The Straits Times
|September 19, 2024
China's commerce minister said the European Union's likely imposition of tariffs on electric vehicles (EV) will "seriously interfere" with trade and investment cooperation, and hurt both China and Germany.
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In talks on Sept 17 with German Vice-Chancellor and Economy Minister Robert Habeck, Chinese Commerce Minister Wang Wentao said he hoped to reach a solution in line with World Trade Organisation rules as soon as possible. He also said he hoped to avoid the escalation of China-EU economic and trade frictions, according to a statement released by China's Ministry of Commerce early on Sept 18.
The European Commission is on the verge of proposing final tariffs of up to 35.3 per cent on EVs built in China, on top of the EU's standard 10 per cent car import duty.
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