China "does not accept" the EU's new electric car tariffs

Beijing "does not accept" the tariffs that the EU will impose on imports of electric vehicles from China as of Thursday.

» Published:

China "does not accept" the EU's new electric car tariffs
Photo: Ng Han Guan/AP/TT

Share this article

"China is not in agreement and does not accept the decision and has submitted a formal complaint in accordance with the World Trade Organization's dispute settlement mechanism", says a spokesperson for the Chinese trade department in a statement.

The spokesperson adds that China hopes for a quick solution to "avoid an escalation in trade friction".

The statement comes after the EU announced its tariff decision on Tuesday following the failure of Brussels and Beijing to find a solution to the issue.

The EU has justified the tariffs on Chinese electric cars by stating that China subsidizes its car manufacturers, giving them a competitive advantage over European car manufacturers.

China has threatened the EU with countermeasures targeting European goods, such as agricultural products and heavy trucks.

According to the EU Commission, the sales of Chinese-made electric cars increased from 3.9 percent of the electric car market in 2020 to 25 percent in September 2023.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Nikkei 225 Hits New Record Amid Wall Street Optimism

Nikkei 225 Hits New Record Amid Wall Street Optimism

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Klarna's Stock Surges 30% in Initial New York Trading

Klarna's Stock Surges 30% in Initial New York Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards

Spotify Introduces High-Resolution Sound for Premium Users

Spotify Introduces High-Resolution Sound for Premium Users