
The European Commission adopted a regulation to impose tariffs on several Chinese manufacturers of electric vehicles, a measure that took effect the same day. A tariff of 35.3% will be applied to SAIC, 18.8% to Geely, and 17% to BYD for a maximum of five years. This tariff will also affect Western companies producing in China, such as Tesla, which will face a 7.8% tariff.
China responded that it disagrees with the EU's decision and filed a complaint with the WTO. It stated that it will take all necessary measures to protect the rights and interests of its companies. Despite criticizing the EU's anti-subsidy investigation as disproportionate and protectionist, China expressed its willingness to continue negotiating to reach an acceptable solution for both parties.
"China has always favored resolving trade disputes through dialogue and consultation, and it has been doing everything possible in this regard," declared the spokesperson for Commerce. Currently, technical teams from both sides are conducting new rounds of negotiations to address this issue.