(13 Jun 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Beijing, China – 13 June 2024
1. Various of Chinese electric vehicles on display
2. Wide of news conference
3. Mid of reporters
4. SOUNDBITE (Mandarin) He Yadong, China’s Ministry of Commerce spokesperson:
“The disclosed verdict from the EU side lacks a factual and legal basis. It will not only damage the legitimate rights and interests of China’s electric vehicle industry, disrupt the mutually beneficial cooperation between China and Europe in new energy vehicles, but also will distort the global automotive industry and supply chains, including those of the EU. It is a blatant act of protectionism.”
5. Various of Chinese electric vehicles on display
6. SOUNDBITE (Mandarin) He Yadong, China’s Ministry of Commerce spokesperson:
“China reserves the right to file complaints to the World Trade Organization and will resolutely take all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises. At the same time, we urge the EU to immediately correct its wrong practices, effectively implement the important consensus reached at the recent trilateral meeting of leaders from China, France, and the EU, adhere to the correct way of getting along with China, and properly handle economic and trade frictions through dialogue and consultation.”
7. Various of Chinese electric vehicles on display
STORYLINE:
China on Thursday described a European Union decision to hike tariffs on Chinese electric vehicles as "a blatant act of protectionism."
The European Commission, the EU’s executive arm, said starting from early next month, it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the current level of 10%, if discussions with China do not lead to an effective solution.
Chinese Ministry of Commerce spokesperson He Yadong on Thursday blasted the move.
“It will not only damage the legitimate rights and interests of China’s electric vehicle industry, disrupt the mutually beneficial cooperation between China and Europe in new energy vehicles, but also will distort the global automotive industry and supply chains, including those of the EU,” He said at a weekly press briefing.
"It is a blatant act of protectionism," he added.
The EU Commission said an investigation it opened last year into China’s EV subsidies found that China’s battery electric vehicle value chain “benefits from unfair subsidization, which is causing a threat of economic injury to EU BEV producers.”
The extra tariffs would vary by company.
BYD would face an additional 17.4% charge. Geely, which owns Sweden’s Volvo, would be hit with a further 20%. For SAIC, it would be 38.1% extra.
He said China reserves the right to present the case to the World Trade Organization and will take “all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises.”
U.S. President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment last month.
Biden said that Chinese government subsidies ensure the nation’s companies don’t have to turn a profit, giving them an unfair advantage in global trade.
AP video by Wayne Zhang
Production by Wayne Zhang
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