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The EU strikes again! The maximum tax is 36.3%! China: Strongly opposed!

Kim Sunny worldwide logistics 2024-08-26 15:08:03
The European Commission has made minor adjustments to the proposed rates:
 
BYD: 17.0%
Geely: 19.3%
SAIC: 36.3%
Other partners: 21.3%
All other non-cooperative companies: 36.3%
 

The European Commission has decided to impose a separate tariff rate on Tesla as a Chinese exporter, which is currently set at 9%, and has also decided not to impose countervailing duties retroactively.

 

The disclosure of the European Commission's final ruling was strongly opposed by the Chinese side. A spokesperson for the Ministry of Commerce said: "China has repeatedly pointed out that the EU's anti-subsidy investigation on China's electric vehicles has predetermined conclusions, and its practices in all aspects of the investigation are contrary to the principles of 'objectivity, impartiality, non-discrimination and transparency' that it has promised, and are not in line with WTO rules, and are in the name of 'fair competition'."
 

"In the course of the investigation of this case, the Chinese government and the Chinese industry provided tens of thousands of pages of legal documents and evidentiary materials through various means such as submitting answer sheets, written comments, and statements at hearings, comprehensively and in-depth defense against the EU's unreasonable and non-compliant practices, and pointed out that the EU's restrictions on China's electric vehicles will disrupt the stability of the global automotive industry chain and supply chain, including the EU, harm the interests of EU consumers, and undermine the EU's own green transformation and global cooperation on climate change."

"The final ruling disclosure released by the EU side this time did not fully absorb the views of the Chinese side, and still insisted on the wrong approach, cut high tax rates, and used sampling to treat different types of Chinese enterprises differently, distorting the results of the investigation. The disclosure of the final ruling is based on the 'facts' unilaterally determined by the EU side, rather than the facts jointly recognized by both sides, which China firmly opposes and is highly concerned about. ”
 

"Since the end of June, China and the EU have conducted more than 6 rounds of technical consultations on this case based on facts and rules. China has always been committed to properly handling trade disputes with the EU through dialogue and consultation with the utmost sincerity, and hopes that the EU will earnestly work with China in the same direction, accelerate the exploration of appropriate solutions in a rational and pragmatic manner, and take concrete actions to avoid the escalation of trade frictions. China will take all necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises. 

 

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