The European Union's move to temporarily impose high additional tariffs of up to 38.1 percent on Chinese battery electric vehicles or BEVs from July weakens global cooperation and increases the risk of a global trade conflict, said German trade bodies recently.
From Chinadaily
The European Union's move to temporarily impose high additional tariffs of up to 38.1 percent on Chinese battery electric vehicles or BEVs from July weakens global cooperation and increases the risk of a global trade conflict, said German trade bodies recently.
Hildegard Muller, president of the German Association of the Automotive Industry, said: "The potential damage that could be caused by the measures now announced may be greater than the potential benefits for the European — and, in particular, the German — automotive industry … It would be expedient if we manage to overcome the existing challenges through dialogue and primarily strive for partnership-based formats and solutions."
The German Federal Association for Economic Development and Foreign Trade said that the EU's additional tariffs on Chinese BEVs send a wrong signal at the wrong time. Hence, the association "firmly rejects" the decision, it said.