EU's Decision on Anti-Subsidy Tax for Chinese Electric Vehicles and Responses
TapTechNews October 5th news, according to CCTV News, on the 4th local time, in response to the decision of EU member states to levy anti-subsidy taxes on Chinese electric vehicles, Tanja Gönner, the general director of the Federation of German Industries, issued a statement pointing out that the relevant decision should not end the dialogue between the two sides. The German industry called for continued negotiation to prevent the escalation of trade conflicts. At the same time, the interests of the European industry in maintaining a stable economic relationship with China must also be balanced and considered.
Tanja Gönner emphasized that supporting the adoption of trade protection measures when conditions are met to protect the European market from unfair competition, but it is also necessary to balance protection and opening and maintain a stable economic relationship between Europe and China. The two major economies of the EU and China should focus on risk management in cooperation to avoid potential geopolitical and economic risks.
Based on TapTechNews' previous reports, on October 4 local time, EU member states voted on levying a five-year anti-subsidy tax on Chinese electric vehicles. According to the statement released by the European Commission, the proposal received the necessary support from member states in the vote.
On that day, the German Federal Minister of Finance, Christian Lindner, posted on social media, warning that trade policy disputes may intensify. He pointed out that although the vote has taken place, the European Commission led by Ursula von der Leyen should not trigger trade conflicts - We need to find a solution through negotiation.
In July this year, Germany abstained in the first non-binding vote in the European Commission, but since then, the industry has been putting pressure on the German government to vote against in the vote among EU member states on the 4th.
In addition, Hungarian Foreign Minister Péter Szijjártó confirmed on October 3 that Hungary refused the European Commission's proposal to impose tariffs on Chinese electric vehicles.