Brussels (The Brussels Morning Newspaper) – “China will not make any concessions on its core interests with the European Union,” according to the Chinese state broadcaster.
Beijing will not make concessions as it mediates tariffs on electric vehicle imports with the European Union, a social media account linked with the Chinese state broadcaster said.
“While China is always willing to pursue consensus and resolve issues through communication in the face of friction, this does not suggest that China will make concessions to reduce the growing pressure from various trade disputes,” according to a posting on the account, Yuryuan Tantian, the South China Morning Post conveyed.
Why is China refusing to make concessions to the EU?
“Regardless of whether talks move, China will not make any concessions on its core interests,” the posting stated. The remarks come ahead of scheduled talks on Sept. 19 between China’s Commerce Minister Wang Wentao and Valdis Dombrovskis, the EU’s trade commissioner, where Beijing will push a final bid to sway the EU not to set hefty duties on made-in-China EVs.
What impact could EU tariffs have on Chinese EV exports?
The European Union levies are planned to level the playing field to differ huge government subsidies that EU investigators discovered across the entire Chinese industry supply chain — from battery materials to shipping. The EU is preparing to hold a vote on Sept. 25 on whether to charge definitive tariffs.
Why did the European Commission reject China’s proposals?
Earlier this week, the European Commission refused proposals made by Beijing the content of which is confidential to impose minimum prices or volume caps on shipments of electric vehicles into the EU. That decision deals a disappointment to Beijing’s desperate measures to reach a negotiated resolution with the EU to avoid imposing hefty burdens on made-in-China EVs after the bloc identified a sweeping subsidy program varying from refining lithium to shipping the cars abroad.
EU Commission had also reviewed the Chinese proposals based on whether they “would destroy the injurious effects of the subsidies identified in investigation, and whether these price projects could be effectively monitored and enforced.
