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EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

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EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

2024-06-14 16:41 Last Updated At:22:27

The European Union (EU)'s planned additional tariffs on Chinese electric vehicles (EVs) exceed the bounds of established trade rules, said a Chinese economist on Thursday.

The European Commission on Wednesday revealed a list of protectionist duties it would levy on imports of battery EVs from China, ranging from 17.4 percent to 38.1 percent.

In an interview with China Media Group on Thursday, Wan Zhe, an economics professor at Beijing Normal University, said that the tariff increase is not solely a trade issue, but rather a focal point in geopolitical maneuvering within the broader economic context.

"I think this is purely protectionism. Whether in jurisprudence or logic, in fact, this move has gone beyond the framework of trade rules," said the scholar.

Wan said she reached this conclusion based on two facts of the trade relationship.

"Firstly, the European Commission claims that Chinese EVs are being dumped at low prices after receiving subsidies. We all understand that 'dumping' means selling goods at a cheap price. This implies that, since we subsidize our EVs, they are sold at lower prices in the EU. In fact, however, taking BYD as an example, which is included in this list, the prices of BYD's 'Eagle' and 'Seal' series cars in the EU are actually 80 to 100 percent higher than those in China. Therefore, we can conclude that the so-called low-price dumping does not exist, as selling in the EU is actually more expensive," said Wan.

"Additionally, we also find that traditional energy vehicles China had exported to Europe and other regions and countries, like BYD and some other gasoline cars, were basically some cheaper cars. It should be said that there were basically no mid-range or high-end cars. Therefore, compared with the export of traditional energy vehicles in the past, the overall price of new energy vehicles is actually relatively moderate or high. Thus, the accusation of dumping is completely untenable," she said.

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

EU's proposed tariff hike on Chinese EVs oversteps framework of trade rules: economist

Next Article

Premier Li urges high-quality development to further deepen reform comprehensively

2024-07-22 22:24 Last Updated At:22:57

Chinese Premier Li Qiang has called for efforts to push forward high-standard opening-up and actively explore and innovate to motivate more momentum and vitality, so as to advance high-quality development in further deepening reform comprehensively.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a research trip to north China's Tianjin Municipality on Monday.

Li first visited the core area of the Tiankai Higher Education Innovation Park, where he learned about the park's construction and operation, and had talks with researchers and heads of sci-tech financial institutions as well as start-ups.

Saying that the key to fostering new growth drivers and developing new quality productivity lies in reform and innovation, Li underlined staying focused on integrated development of sci-tech innovation and industrial innovation, therefore building a more efficient and attractive sci-tech innovation platform.

He called for more support for small and medium-sized sci-tech firms and incentives for sci-tech personnel in terms of policies and funding, so as to promote the application of scientific and technological advances, and accelerate the development of new quality productivity.

The park, inaugurated in May, was established through the collaboration of Tianjin-based top-notched universities including Tianjin University and Nankai University.

Li then visited the branch of the world-leading elevator manufacturer Otis and CDHorizon, a world's top integrated equipment operation service provider, in the Binhai New Area.

Li urged efforts to make good use of policies for supporting the large renewal of equipment and to support enterprises in promoting the new application of artificial intelligence, so that more enterprises and products with core competitiveness can compete to emerge.

The premier also highlighted innovative use of financial leasing and other financial instruments, thus better serving the real economy.

Li called on the Binhai New Area to take the lead in better stimulating impetus and vitality in deepening reform, underlining the reform in institutions and mechanisms of the pilot free trade zone, financial innovation and development, and high-level opening up to the outside world.

Li also emphasized the need to accelerate the integrated development of ports, industries and cities by leveraging strengths and characteristics, in order to integrate resources and enhance their role in promoting the coordinated development of the Beijing-Tianjin-Hebei region.

Fully acknowledging Tianjin's achievements in socio-economic development, Li expressed his hope that the municipality will forge ahead and constantly scale new heights in promoting high-quality development.

Premier Li urges high-quality development to further deepen reform comprehensively

Premier Li urges high-quality development to further deepen reform comprehensively

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