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.
Bu hikaye The Straits Times dergisinin October 31, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin October 31, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
NO SNOW, BUT SANTA'S STILL AT WORK
With a month to go until Christmas, Santa Claus is busy preparing, but he is worried about the warming climate and lack of snow in his Arctic home town.
My Chemical Romance ex-drummer Bob Bryar was active in dog rescue
Bob Bryar, the former drummer of pop-punk band My Chemical Romance, who was with the group from 2004 to 2010, has died at the age of 44.
Lady Gaga to hold free gig at Rio's Copacabana Beach: Sources
Pop star Lady Gaga is set to hold a free concert at Rio de Janeiro's Copacabana Beach in May 2025, two sources familiar with the matter told Reuters, a show expected to draw hundreds of thousands of fans.
Taylor Swift fans turn out on Black Friday for vinyl album, new Eras Tour book
Young Taylor Swift fans and their parents lined up outside some of Target's nearly 2,000 stores in America early on Nov 29 - Black Friday - to buy copies of her new Eras Tour book and vinyl album.
K-drama actor Jung Woo-sung apologises after scandal on love child
One of South Korea's top actors apologized after it was revealed he fathered a child with a woman he is not married to, sparking nationwide scrutiny in a country where births outside marriage are still seen as taboo.
Festive vibes with Vivaldi at SSO's choral concert
CONCERT GLORIA!
An exploration of personal identities through dance
As one stepped into the theatre, a dancer was already on stage, performing a short series of movements.
BoA's first solo show harks back to K-pop's roots
The South Korean singer-songwriter's Singapore show was the last stop of her first Asia tour
The myth of an equal marriage
Research has shown that married women continue to do more at home compared with their husbands, so it is time for men to step up
What to do if your child is targeted by a bully
Following recent incidents of school bullying, several parents wrote in to ST to ask for advice on how they can help their children if they are targeted by a bully or bullying someone.
