China decries new EU tariffs on its electric vehicles DW 10/30/2024
Briefly

The EU argued that Chinese subsidies undermine their market's competitiveness, with the European Commission pointing to below-market pricing practices and the vast production capacity in China.
EU trade chief Valdis Dombrovskis stated, 'We welcome competition, including in the electric vehicle sector, but it must be underpinned by fairness and a level playing field.'
In response, China expressed strong disapproval, with its Commerce Ministry declaring they would take all necessary measures 'to resolutely safeguard the legitimate rights and interests of Chinese companies.'
The tariffs, imposed after failed negotiations, range significantly, with the EU emphasizing the need to protect their industrial base against unfair practices from Chinese manufacturers.
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