٠٠:٠١:٤٨Chairman of China's National Development and Reform Commission (NDRC) Zheng Shanjie denounced the European Union's increase of tariffs on Chinese electric vehicles (EVs) during a meeting with Germany's Vice-Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck in Beijing on Saturday.
Zheng claimed the decision to be 'a form of trade protectionism' adding that Beijing 'will conduct research' into the matter.
"In the long run, these actions are detrimental to both sides, and some may even harm others without benefiting oneself. The tariff increase will not only harm the interests of EU consumers, but also severely impact the long-term healthy development of the European automotive industry," he concluded.
Earlier on June 12 the European Commission introduced new provisional duties of up to 38.1 percent on Chinese EVs starting from July 4 with the anti-subsidy investigation scheduled to continue until November 2.
The US in its turn responded with an up to 100 per cent tariffs hike on Chinese EVs. Beijing opposes the tariffs, fearing they will might stifle EV adoption, harm climate goals and raise costs for consumers.
'Detrimental to both sides' - China denounces EU's increased tariffs on EVs at meeting with Germany's Habeck
Chairman of China's National Development and Reform Commission (NDRC) Zheng Shanjie denounced the European Union's increase of tariffs on Chinese electric vehicles (EVs) during a meeting with Germany's Vice-Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck in Beijing on Saturday.
Zheng claimed the decision to be 'a form of trade protectionism' adding that Beijing 'will conduct research' into the matter.
"In the long run, these actions are detrimental to both sides, and some may even harm others without benefiting oneself. The tariff increase will not only harm the interests of EU consumers, but also severely impact the long-term healthy development of the European automotive industry," he concluded.
Earlier on June 12 the European Commission introduced new provisional duties of up to 38.1 percent on Chinese EVs starting from July 4 with the anti-subsidy investigation scheduled to continue until November 2.
The US in its turn responded with an up to 100 per cent tariffs hike on Chinese EVs. Beijing opposes the tariffs, fearing they will might stifle EV adoption, harm climate goals and raise costs for consumers.
Chairman of China's National Development and Reform Commission (NDRC) Zheng Shanjie denounced the European Union's increase of tariffs on Chinese electric vehicles (EVs) during a meeting with Germany's Vice-Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck in Beijing on Saturday.
Zheng claimed the decision to be 'a form of trade protectionism' adding that Beijing 'will conduct research' into the matter.
"In the long run, these actions are detrimental to both sides, and some may even harm others without benefiting oneself. The tariff increase will not only harm the interests of EU consumers, but also severely impact the long-term healthy development of the European automotive industry," he concluded.
Earlier on June 12 the European Commission introduced new provisional duties of up to 38.1 percent on Chinese EVs starting from July 4 with the anti-subsidy investigation scheduled to continue until November 2.
The US in its turn responded with an up to 100 per cent tariffs hike on Chinese EVs. Beijing opposes the tariffs, fearing they will might stifle EV adoption, harm climate goals and raise costs for consumers.