EU tariffs against Chinese electric cars revised; Beijing reacts and targets cheeses produced in Europe

Published 2024년 8월 21일

Tridge summary

China has initiated an anti-subsidy investigation into dairy products imported from the European Union, looking into 20 EU subsidy programs, including those under the Common Agricultural Policy and dairy-specific subsidies in Italy and Finland. The investigation, which could be extended for up to a year and a half, follows the European Union's decision to impose countervailing duties on Chinese-made electric cars. The EU insists it will defend its dairy industry and ensure the investigation adheres to World Trade Organization rules. Meanwhile, Chinese electric car manufacturers are exploring ways to avoid these duties by setting up production sites within the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China has launched an anti-subsidy investigation into dairy products that Beijing imports from the European Union. The Ministry of Commerce reported in a statement released the day after the final draft of the countervailing duties decided by the European Commission on the import of electric cars built in China. The investigation into dairy products will examine 20 EU subsidy programs, including some provided for by the Common Agricultural Policy (CAP) and others specific to the dairy sectors in Italy and Finland. The investigation is expected to be completed within a year and may be extended for another six months in special circumstances. This is the reaction to the advancement of the EU procedure regarding duties on electric cars. On Tuesday, the EU refined the levels of trade tariffs that will be applied to the various producers. The latest percentages are: BYD 17%, Geely 19.3%, SAIC 36.3%. The other companies that cooperated 21.3%. Those that did not do so 36.3%. Previously ...

Source: Ilfattoquotidiano