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China is considering countermeasures in trade disputes with Europe

Eviralnews, “Stuttgarter Nakhreshten” wrote in an article: The additional temporary tariffs of the European Union on electric cars from China are being implemented. Consumers can feel the consequences of this.

In the continuation of this report, it is stated: After the European Union imposed temporary punitive tariffs on Chinese electric cars, Beijing is now taking a closer look at the import of European alcoholic beverages. China wants to hear from domestic companies in an anti-dumping investigation into an EU brand, the country's commerce ministry said.

Also, in the July 18 meeting, possible damages to the Chinese industry will be discussed. Beijing's actions could particularly affect French manufacturers. However, what awaits European consumers is unclear. Large economic institutions, of course, do not see any major impact, at least in the long run.

Since January 5, China is considering measures against alcohol imported from the European Union. The investigation is also against pork and meat products from the EU, seen as Beijing's response to investigations in Brussels against electric cars.

In anti-dumping investigations, there are allegations that the products under investigation are being offered at artificially lower prices than would normally be the case in the relevant market. Several manufacturers and industry associations requested a hearing.

After an extensive investigation, the EU Commission concluded that there are unfair Chinese subsidies. EU authorities' provisional tariffs are now set at 17.4 percent for BYD, 19.9 percent for Geely, and 37.6 percent for SAIC. For other companies, 20.8% is considered, and for companies that did not cooperate with this investigation, the punitive tariff is set at 37.6%. These tariffs are in addition to the existing tariff rate of ten percent.

Of course, this action is not without controversy. Both the German auto industry and the federal government are skeptical about the punitive tariffs. They worry that retaliatory measures from China could particularly affect German carmakers, as China is a very important market for them. In addition, German companies themselves are also affected by the EU measures, as they make cars for export in China.

Until a decision has been taken on the final introduction of EU punitive tariffs, these should not be paid, only security deposits. If negotiations with China are not satisfactory, the EU Commission can propose punitive tariffs. EU countries can only block this if there is a so-called qualified majority against it.

In principle, China and the EU Commission are ready to find a solution in the next four months before final measures are presented. German Vice Chancellor Robert Haubeck started negotiations in China about two weeks ago, but could not achieve success. Nevertheless, the EU Commission still sees an opportunity for a solution, even if it seems that there are still different views in Brussels and Beijing about the results of the Commission's investigation.

Of course, Ursula von der Leyen, the head of the European Commission, recently told the German Editorial Network: Americans are now blocking their market on China, like Brazil, Mexico and Turkey. Therefore, Europe is currently an attractive market for Chinese companies. This is also reflected in the fact that Chinese companies are now sponsors of European football championships on a large scale.

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Mhd Narayan

Bringing over 8 years of expertise in digital marketing, I serve as a news editor dedicated to delivering compelling and informative content. As a seasoned content creator, my goal is to produce engaging news articles that resonate with diverse audiences.

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