Why EU's tariff hikes on Chinese EVs are unjustified

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Why EU's tariff hikes on Chinese EVs are unjustified

STORY: Why EU's tariff hikes on Chinese EVs are unjustified SHOOTING TIME: File DATELINE: June 15, 2024 LENGTH: 00:04:02 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the European Commission Berlaymont building 2. STANDUP (English): LIU YUTIAN, Xinhua correspondent STORYLINE: The European Commission (EC) has unveiled its plan to levy provisional additional tariffs of up to 38.1 percent on Chinese-made electric vehicles (EVs). The move is founded on unsubstantiated claims, sparking serious concerns over trade protectionism and the application of double standards. The tariff hikes came eight months after the EC self-initiated an anti-subsidy investigation into battery electric vehicles imported from China. The move was prompted by the EC's accusations that China was "flooding" the bloc with cheaper electric vehicles as a result of "overproduction," which the EC attributed to significant state subsidies in China. However, the rationale justifying the tariff increase seems far from c

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