China’s Ministry of Commerce expressed hope on Thursday for a negotiated resolution with the European Union regarding preliminary tariffs set to impact Chinese electric vehicles (EVs) from July 4.
State media reports from Beijing indicate China’s desire for the EU to withdraw its plans for these tariffs, while Brussels insists on addressing alleged injurious subsidization in China’s EV industry during ongoing technical talks this week.
See also:Â China and EU to Discuss New Import Tariffs on Chinese EVs Amid Trade Tensions
Spokesperson He Yadong emphasized ongoing close communication between the two sides’ working teams, intensifying consultations aimed at finding a mutually acceptable solution. He stressed the importance of avoiding escalating trade frictions that could harm economic and trade relations between China and the EU.
China has consistently refuted allegations of unfair subsidies in its EV sector, attributing the industry’s development to technological advantages, market dynamics, and robust industry supply chains.
See also:Â EU Adjusts Proposed Tariffs on Chinese Electric Vehicles After Industry Feedback â Report
The Ministry of Commerce disclosed that it is currently reviewing materials submitted by China’s electronic products industry as part of an EU investigation into trade barriers.
