China Challenges EU EV Tariffs at WTO
China has filed a complaint with the World Trade Organisation (WTO) against the European Union's tariffs on electric vehicles made in China. The European Union imposed provisional tariffs, arguing that Chinese EVs benefit from unfair subsidies. China claims its support is within WTO rules. The two sides have until early November to resolve their conflict.
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China has escalated its dispute with the European Union over electric vehicle (EV) tariffs by filing a complaint with the World Trade Organisation (WTO) on Friday. The move seeks to protect its EV industry's interests against the EU's provisional tariffs of up to 37.6%, which the bloc says offset unfair subsidies.
China refuted these claims, insisting that its support for the EV sector aligns with WTO regulations. With provisional tariffs in place, both parties have until early November to find a resolution before the tariffs become permanent.
Amid rising tensions, China's Commerce Ministry has also launched investigations into French cognac and European pork imports, raising concerns about a potential trade war that could negatively impact both economies.
(With inputs from agencies.)