EU to Open Anti-Subsidy Investigation on Chinese Electric Vehicles
The EU will open a countervailing duty investigation on electric vehicles from China, European Commission President Ursula von der Leyen said during her 2023 state of the union address to the European Parliament. The bloc "must defend" itself "against unfair practices," including Chinese state subsidies that keep its electric vehicles at artificially low prices, von der Leyen said. She also clarified that the EU's policy is one of "de-risk" and not decoupling, insisting that open lines of communication will remain open with Chinese leadership.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
In response, China's Ministry of Commerce said that the proposed investigation is a "naked protectionist act" that will disrupt the global automotive industry supply chain and have a "negative impact on China-EU economic and trade relations," according to an unofficial translation.