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CHINA-EU: China Will 'Firmly Safeguard Interests' Of Firms After EV Tariff Vote

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(MNI) London - In a statement released following the EU's vote to impose permanent tariffs on Chinese-made electric vehicles, the Chinese Ministry of Commerce says that China firmly opposes the EU's 'unfair', 'non-compliant' and 'unreasonable' protectionist practices, saying that they 'seriously violate rules of the WTO'. MOFCOM says the EU practices 'disrupt the normal international trade order, and hinder China-EU trade and investment cooperation'. 

  • MOFCOM 'also notes the EU's political will to continue to resolve the issue via negotiations.' Says the Europe technical team will continue talks on 7 October. MOFCOM: 'China hopes the EU would realise tariffs would only hinder the confidence of Chinese firms in European investment cooperation.' The statement says 'China will take all measures to firmly safeguard the interests of Chinese enterprises.'
  • The speculation on retaliatory measures from Beijing has focused on the EU's dairy, pork, and brandy industries, as such potentially dealing a larger blow to agricultural exporters (such as France, which voted for the tariffs) than those whose exports are more industrial in nature (such as Germany, which voted against). The hit for Germany would come if Beijing carries through on threats to impose levies on cars with large engines. 
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(MNI) London - In a statement released following the EU's vote to impose permanent tariffs on Chinese-made electric vehicles, the Chinese Ministry of Commerce says that China firmly opposes the EU's 'unfair', 'non-compliant' and 'unreasonable' protectionist practices, saying that they 'seriously violate rules of the WTO'. MOFCOM says the EU practices 'disrupt the normal international trade order, and hinder China-EU trade and investment cooperation'. 

  • MOFCOM 'also notes the EU's political will to continue to resolve the issue via negotiations.' Says the Europe technical team will continue talks on 7 October. MOFCOM: 'China hopes the EU would realise tariffs would only hinder the confidence of Chinese firms in European investment cooperation.' The statement says 'China will take all measures to firmly safeguard the interests of Chinese enterprises.'
  • The speculation on retaliatory measures from Beijing has focused on the EU's dairy, pork, and brandy industries, as such potentially dealing a larger blow to agricultural exporters (such as France, which voted for the tariffs) than those whose exports are more industrial in nature (such as Germany, which voted against). The hit for Germany would come if Beijing carries through on threats to impose levies on cars with large engines.