HONG KONG, June 13 (Reuters) - China hopes the European
Union will seriously reconsider tariffs for Chinese EVs and stop
going further in the wrong direction, according to a commentary
in state-backed news Xinhua.
The statement comes after the European Commission said on
Wednesday it will impose extra duties of up to 38.1% on imported
Chinese electric cars from July.
China has said it would take measures to safeguard its
interests.
"In light of their economic structure and sheer size, China
and the EU are best served by teaming up on major economic and
trade issues," Xinhua said.
"It would be more cost-effective for the EU to draw on
China's advantages in order to develop its own EV industry."
Less than a month after Washington announced plans to
quadruple duties for Chinese EVs to 100%, Brussels said it would
combat excessive subsidies with additional tariffs ranging from
17.4% for BYD to 38.1% for SAIC, on top
of the standard 10% car duty.
The move comes as European automakers are being challenged
by an influx of lower-cost EVs from Chinese rivals. Still, there
is virtually no support for tariffs from the continent's auto
industry.
German automakers in particular are heavily dependent on
sales in China and fear retribution from Beijing. European auto
firms also import their own Chinese-made vehicles.
European Commission President Ursula von der Leyen has
repeatedly said Europe needs to act to prevent China from
flooding the bloc's market with subsidised EVs.
The regional bloc seemed to have left some room for the two
sides to continue their consultations to find a proper solution
and avoid the worst scenario, Xinhua said.
"It is hoped the EU will make some serious reconsideration
and stop going further in the wrong direction."