acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Reuters — 2023-09-26
Automotive Industry
China's commerce minister expressed strong dissatisfaction in a weekend meeting with the European Union's trade chief that the bloc will launch an anti-subsidy investigation over China's electric vehicles, his ministry said on Tuesday.
EU Trade Commissioner Valdis Dombrovskis made a four-day visit to the world's second-largest economy to reinforce the 27-member strong bloc's message that while it does not seek to "de-couple" from China, it holds a number of concerns over its trade issues, including the prevalence of government subsidies.
"Wang Wentao expressed serious concern and strong dissatisfaction that the EU will launch a countervailing duty investigation into Chinese electric vehicles," a statement from the commerce ministry said.
"The countervailing measure proposed by the EU side is a protectionist act that will affect China-EU green cooperation and the stability of the global automotive industry."
The European Commission recently declared that it would investigate whether to impose tariffs to shield European producers from a "flood" of cheaper Chinese electric vehicle (EV) imports it says benefit from state subsidies.
The EU's trade deficit with China widened to $276.6bn in 2022 from $208.4 bn a year earlier, Chinese customs data shows.