Decision has not only been criticised by China, but also European marques assembling vehicles or sourcing components from China.
BYD electric cars waiting to be loaded on a ship stacked at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. / – China OUT / – CHINA OUT / TO GO WITH AFP STORY CHINA-EU-US-AUTO-TRADE, ANALYSIS
Ten countries including France and Italy supported slapping tariffs of up to 35.3%, on top of the current 10%, EU diplomats said, while five including Germany and Hungary voted against and 12 abstained.In response, China’s commerce ministry in response said it “firmly opposes the EU’s unfair, non-compliant and unreasonable protectionist practices in this case.”
The ministry urged EU countries to “return to the right track” by resolving trade friction through dialogue, promising to “safeguard the interests of Chinese companies.”“The decision is not constructive and may hinder EU-China economic and trade relations, ultimately harming European companies and consumer interests,” the firm said.
It called on the EU and China to continue talks with the aim of a “political solution” before the new tariffs come into effect at the end of October.Oliver Zipse, CEO of BMW, said the tariffs were a “fatal signal for the European automotive industry” and called for a “quick settlement” between the EU and China.
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