China on Oct 30 said it did not "agree with or accept" hefty new European Union tariffs on Chinese-made electric vehicles (EVs) after an anti-subsidy probe concluded that Beijing's support undercut European automakers.
"China does not agree with or accept the ruling, and has filed a complaint under the WTO (World Trade Organisation) dispute settlement mechanism," a spokesperson for Beijing's Commerce Ministry said.
"China will... take all necessary measures to firmly protect the legitimate rights and interests of Chinese companies," added the spokesperson.
"We also noticed that the EU side indicated it would continue to negotiate with China on price commitments," said the spokesperson, adding that Beijing hoped to find a "solution acceptable to both sides as soon as possible to avoid escalating trade friction".
China launched its own probes in 2024 into imports of EU brandy, dairy and pork products in apparent retaliation.
The EU on Oct 29 announced that it would increase tariffs on Chinese-built EVs to as much as 45.3 per cent, amid the end of its highest-profile trade investigation, which has divided Europe and prompted retaliation from Beijing.
Once these tariffs come into effect, they will be definitive and last for five years.
Denne historien er fra October 31, 2024-utgaven av The Straits Times.
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Denne historien er fra October 31, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Why tell people? It's nothing to be proud of
Why tell people? It's nothing to be proud of
We are as special as you are
\"I had no one I felt I could trust to talk to. I told myself that this happened because of my decision. So I didn't really contact anyone, I just kept my thoughts to myself.\"
I couldn't understand what was happening
In October 2023, Cherry (not her real name) found herself suddenly losing a lot of weight.
Living with HIV in 2024
While there is still no effective cure, major medical advancements in antiretroviral therapy have made living with the human immunodeficiency virus HIV) much more manageable. While it’s no longer the death sentence it once was, social stigma still exists. The Straits Times speaks to eight people in Singapore living with HIV about what life is like since their diagnosis.
Black Friday: Why our brains love a bargain
This is partly down toa chemical response in our brains, which urges us to buy something when we come across reduced prices.
Bluesky beckons but it's not Twitter's true heir
Amid explosive growth, the app offers a welcome reprieve from Musk's X, but the dream of a universal digital town square? That moment has passed.
It's bananas to regard art as an investment
Enjoy your paintings and sculptures. Just don't expect a return on what you paid for them.
China and Pakistan: Why a sour note has seeped into 'sweeter than honey' ties
Islamabad is in a fix on how to assuage Beijing's growing anger over attacks on Chinese nationals.
Singapore hotel performance slips in post-F1 October
Singapore hotels' performance slipped in October, following highs in September when the Formula One (F1) night race came to town, Singapore Tourism Board (STB) data showed on Nov 29.
S'pore Reits get new leverage caps, tighter disclosure requirements
MAS' move gives investors more protection, encourages Reits to borrow prudently
