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Industry insiders, experts criticize EU's extra tariffs on Chinese EVs

STORY: Industry insiders, experts criticize EU's extra tariffs on Chinese EVs SHOOTING TIME: June 17, 2024 DATELINE: June 18, 2024 LENGTH: 00:01:12 LOCATION: SHANGHAI, China CATEGORY: POLITICS SHOTLIST: 1. various of Chinese EVs 2. SOUNDBITE 1 (Chinese): GUAN YIZHONG, General Manager, Corporate Communications Department of SAIC Motor Corporation Limited 3. SOUNDBITE 2 (Chinese): DING CHUN, Director of the Centre for European Studies at Fudan University 4. SOUNDBITE 3 (English): JORG MOSOLF, Chairman of the Board & CEO, Mosolf Group STORYLINE: The European Commission has recently revealed a list of protectionist duties on imports of battery electric vehicles (EVs) from China. Industry insiders and experts have voiced concerns regarding the decision, emphasizing the importance of fair trade and competition. SOUNDBITE 1 (Chinese): GUAN YIZHONG, General Manager, Corporate Communications Department of SAIC Motor Corporation Limited "We have noticed the recent announcement by the European Commission. We are de

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Employees work at Tesla's Shanghai Gigafactory in east China's Shanghai, Dec. 22, 2023. Photo by Xinhua/ABACAPRESS.COM/Fang Zhe)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on March 18, 2024 shows a view of the NIO Power Europe Plant in Biatorbagy, Hungary. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A man looks at a BYD electric vehicle in Budapest, Hungary, Oct. 17, 2023. (Photo by Attila Volgyi/Xinhua/ABACAPRESS.COM

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on April 19, 2024 shows a scene at the signing event for an agreement between Spain's auto company Ebro-EV Motors and China's Chery Automobile in Barcelona, Spain. (Photo by Joan Gosa/Xinhua/ABACAPRESS.COM

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A worker operates at a battery company plant of Gotion High-tech Co., Ltd. in Hefei, east China's Anhui Province, June 19, 2020. Photo by Xinhua/ABACAPRESS.COM/Huang Bohan)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- This photo taken on March 18, 2024 shows a view of the NIO Power Europe Plant in Biatorbagy, Hungary. (Xinhua/Zhang Fan)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- This photo taken on April 19, 2024 shows a scene at the signing event for an agreement between Spain's auto company Ebro-EV Motors and China's Chery Automobile in Barcelona, Spain. (Photo by Joan Gosa/Xinhua)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- A man looks at a BYD electric vehicle in Budapest, Hungary, Oct. 17, 2023. (Photo by Attila Volgyi/Xinhua)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- Employees work at Tesla's Shanghai Gigafactory in east China's Shanghai, Dec. 22, 2023. (Xinhua/Fang Zhe)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- A worker operates at a battery company plant of Gotion High-tech Co., Ltd. in Hefei, east China's Anhui Province, June 19, 2020. (Xinhua/Huang Bohan)

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Xinhua Headlines: EU bent on imposing protectionist duties on Chinese EVs despite looming lose-lose implications

(240613) -- BRUSSELS, June 13, 2024 (Xinhua) -- This photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. (Xinhua/Zhao Dingzhe)

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High tariffs on Chinese EVs won't help EU industry: Croatian expert

STORY: High tariffs on Chinese EVs won't help EU industry: Croatian expert SHOOTING TIME: May 23, 2024 DATELINE: June 13, 2024 LENGTH: 0:01:33 LOCATION: Zagreb CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Berlaymont building, Zagreb and EVs-related footage 2. SOUNDBITE 1 (English): HRVOJE PRPIC, President of Croatian Electric Vehicle Drivers Association 3. various of Zagreb and EVs-related footage 4. SOUNDBITE 2 (English): HRVOJE PRPIC, President of Croatian Electric Vehicle Drivers Association STORYLINE: The European Commission on Wednesday revealed a list of protectionist duties it would levy on imports of battery electric vehicles (EVs) from China. The provisional duties conceived by the Commission would range from 17.4 percent to 38.1 percent. In a recent interview with Xinhua, Hrvoje Prpic, president of the Croatian Electric Vehicle Drivers Association, said the high tariffs would fail to help European industry keep up with Chinese car manufacturers. SOUNDBITE 1 (English): HRVOJE PRPIC, Presi

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EU pre-discloses level of protectionist duties on imports of EVs from China

STORY: EU pre-discloses level of protectionist duties on imports of EVs from China SHOOTING TIME: June 12, 2024 DATELINE: June 12, 2024 LENGTH: 00:00:41 LOCATION: Brussels CATEGORY: ECONOMY SHOTLIST: 1. various of the European Commission building STORYLINE: The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Xinhua News Agency correspondents reporting from Brussels. (XHTV)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This file photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This file photo taken on June 6, 2024 shows an electric car at a charging station near the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This file photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This file photo taken on June 3, 2024 shows a lock on chains backdropped by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 (Xinhua) -- This file photo taken on June 3, 2024 shows a lock on chains backdropped by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 (Xinhua) -- This file photo taken on June 6, 2024 shows an electric car at a charging station near the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 (Xinhua) -- This file photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-CHINA-EVS-PROTECTIONIST DUTIES

(240612) -- BRUSSELS, June 12, 2024 (Xinhua) -- This file photo taken on June 3, 2024 shows vehicles passing by the European Commission building in Brussels, Belgium. The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. (Xinhua/Zhao Dingzhe)

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American scholar debunks "overcapacity" claim

STORY: American scholar debunks "overcapacity" claim SHOOTING DATE: May 16, 2024 DATELINE: May 18, 2024 LENGTH: 00:01:18 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University 2. SOUNDBITE 2 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University STORYLINE: Recently, American politicians and the media have fabricated a theory claiming overcapacity in China's new energy industry Washington on Tuesday imposed new tariffs on Chinese products including electric vehicles (EVs) An American professor said the protectionist move is unfounded and worrisome SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University "Now there's no evidence that dumping has taken place, at least not in the EV industry, which is one of the key industries that the U.S. is really targeting in China. So why do we have this narrative, why do we have a narrative

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Washington's tariff hikes affect U.S. negatively: scholar in Norway

STORY: Washington's tariff hikes affect U.S. negatively: scholar in Norway SHOOTING TIME: May 17, 2024 DATELINE: May 18, 2024 LENGTH: 00:02:29 LOCATION: Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of the White House 2. various of Chinese EVs 3. SOUNDBITE 1 (English): CARL FEY, Professor of strategy at BI Norwegian Business School 4. various of street views in U.S. 5. SOUNDBITE 2 (English): CARL FEY, Professor of strategy at BI Norwegian Business School 6. various of green transition efforts in China 7. SOUNDBITE 3 (English): CARL FEY, Professor of strategy at BI Norwegian Business School STORYLINE: The U.S. has announced new tariffs on a variety of imports from China, including EVs, solar cells and other clean-energy products. Tariffs on Chinese EVs jumped from 25 percent to a staggering 100 percent. A Norway-based professor said such protectionist move goes against free trade. SOUNDBITE 1 (English): CARL FEY, Professor of strategy at BI Norwegian Business School "So I'm disappointed as an A

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U.S.-WASHINGTON, D.C.-JOE BIDEN-CHINA-CLEAN-ENERGY PRODUCTS-NEW TARIFFS

(240515) -- WASHINGTON, D.C., May 15, 2024 (Xinhua) -- U.S. President Joe Biden is pictured during an event in Washington, D.C., the United States, on May 14, 2024. The White House unveiled on Tuesday new tariffs on imports of electric vehicles, solar cells and other clean-energy products from China, in a protectionist move widely believed to imperil the American ambition to enhance competitiveness and slash carbon emissions. According to the plan, the tariffs on Chinese EV imports will jump from some 25 percent to 100 percent. And with an additional 2.5-percent tariff on all vehicles imported into the U.S. market, the total levies on Chinese EVs will be an astounding 102.5 percent. (Photo by Aaron Schwartz/Xinhua)

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Xinhua Headlines: Xinhua's top 10 world news events in 2023

(231230) -- BEIJING, Dec. 30, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The SVB was closed on March 10 by regulators. Top 10 world news events in 2023 4. "De-risking" exacerbates global economic predicament In March, some Western politicians came up with the concept of "de-risking," extending the underlying logic of "decoupling" and the "small yard, high fence" doctrine. This goes against economic laws and historical development trends, essentially rejecting opportunities, cooperation, stability and development. Currently, the world economy faces multiple challenges which thwart the recovery process. The Federal Reserve's continued aggressive interest rate hikes have sharply increased risks in American and European banking sectors, leading to deteriorating global liquidity and rising default risks in emerging economies. The United States has been persistently advancing protectionist indust

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Russia-China cooperation promotes global economic stability: Russian Foreign Ministry

STORY: Russia-China cooperation promotes global economic stability: Russian Foreign Ministry DATELINE: June 16, 2023 LENGTH: 00:01:50 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of press conference of Russian Foreign Ministry (Source: Russian Foreign Ministry) STORYLINE: Large-scale and mutually beneficial cooperation between Russia and China has an important stabilizing influence on the global economy, Russian Foreign Ministry Spokesperson Maria Zakharova said Thursday. "In the current conditions, when some countries are engaging in protectionist practices, using illegitimate sanctions ... and simply unleashing an economic war, Moscow and Beijing stand in favor of honest, fair and equal conditions for economic activity," Zakharova said during her weekly briefing, which was held on the sidelines of the 26th St. Petersburg International Economic Forum. "We will continue to jointly uphold these principles by strengthening bilateral trade and ... practical ties, further contributing to the susta

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U.S. trade war against China disrupts global economy: Mexican scholar

STORY: U.S. trade war against China disrupts global economy: Mexican scholar DATELINE: May 26, 2023 LENGTH: 00:01:43 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of street views in New York 2. SOUNDBITE 1 (Spanish): ROBERTO ZEPEDA, Academic at Center for Research on North America, National Autonomous University of Mexico 3. various of the White House 4. SOUNDBITE 2 (Spanish): ROBERTO ZEPEDA, Academic at Center for Research on North America, National Autonomous University of Mexico 5. various of the Wall Street STORYLINE: The U.S. trade war against China has fanned the flames of protectionist tariffs and barriers which have led to disruptions in global supply chains and runaway inflation, said a Mexican scholar. SOUNDBITE 1 (Spanish): ROBERTO ZEPEDA, Academic at Center for Research on North America, National Autonomous University of Mexico "I believe that this (the U.S. trade war) is changing the international order, which is known as globalization. We see that in recent years protectionist

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WTO chief warns Japan could be major victim of protectionism

TOKYO, Japan - World Trade Organization chief Pascal Lamy speaks during a news conference at the Japan National Press Club in Tokyo on Feb. 25. Lamy warned that Japan could be a major victim of protectionist steps stemming from the deepening economic crisis if Tokyo and other major players shy away from making coordinated efforts to resist any temptation to raise trade barriers.

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ADB's Kuroda warns against protectionism

TOKYO, Japan - Asian Development Bank President Haruhiko Kuroda speaks during a news conference at the Japan National Press Club in Tokyo on Feb. 19. Kurada warned against protectionist measures that would damage other economies.

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U.S. chips bill purely protectionist law : French economist

STORY: U.S. chips bill purely protectionist law : French economist DATELINE: Aug. 22, 2022 LENGTH: 00:01:12 LOCATION: Paris CATEGORY: TECHNOLOGY/POLITICS SHOTLIST: various of ParisSOUNDBITE (French): JEAN-MARC DANIEL, French economist STORYLINE: A Paris-based French economist has said that the Chips and Science Act passed by the U.S. Congress is a purely protectionist law. Jean-Marc Daniel, an economist, professor and editor of the magazine Societal said in a recent interview with Xinhua that historically all countries that turned to protectionism have been losers. SOUNDBITE (French): JEAN-MARC DANIEL, French economist "I do think that this law is a purely protectionist law. In a way, the fact of depending on the Asians, and particularly the Chinese, Japanese and Koreans, for the future of their economy and their industry is humiliating. So they are ready to make an effort. What they don't see is that it's not a question of saying but of doing and acting. And once you get down to the concrete, at the m

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Protectionist chips bill lays bare Washington's hegemonic ethos: expert

STORY: Protectionist chips bill lays bare Washington's hegemonic ethos: expert DATELINE: Aug. 21, 2022 LENGTH: 00:02:00 LOCATION: Abuja CATEGORY: POLITICS/TECHNOLOGY SHOTLIST: 1. various of U.S. Capitol 2. various of street views in the U.S. 3. SOUNDBITE (English): CHARLES ONUNAIJU, Director, Center for China Studies, Nigeria STORYLINE: A Nigeria-based expert has said the Chips and Science Act passed by the U.S. Congress lays bare U.S. hegemonic mindset. Charles Onunaiju, director of Center for China Studies of Nigeria, said in a recent interview with Xinhua that the thousand-page law runs counter to the laws of the market and international trade rules, and thus will undermine global trade and result in tension in the world. SOUNDBITE (English): CHARLES ONUNAIJU, Director, Center for China Studies, Nigeria "The diffusion of the semiconductor industry across all regions provides a global value chain that sustains an international trading system, that sustains an international division of labor which in

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ADB's Kuroda warns against protectionism

TOKYO, Japan - Asian Development Bank President Haruhiko Kuroda speaks during a news conference at the Japan National Press Club in Tokyo on Feb. 19. Kurada warned against protectionist measures that would damage other economies. (Kyodo)

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WTO chief warns Japan could be major victim of protectionism

TOKYO, Japan - World Trade Organization chief Pascal Lamy speaks during a news conference at the Japan National Press Club in Tokyo on Feb. 25. Lamy warned that Japan could be a major victim of protectionist steps stemming from the deepening economic crisis if Tokyo and other major players shy away from making coordinated efforts to resist any temptation to raise trade barriers. (Kyodo)

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WTO chief says multilateral trade creates jobs, vows talks with U.S.

Roberto Azevedo, director general of the World Trade Organization, gives a lecture in Tokyo on May 22, 2017. Azevedo said he intends to promote talks with the United States so that his organization can respond in a "flexible" manner at a time fears are growing about the protectionist leanings of the administration of U.S. President Donald Trump. (Kyodo) ==Kyodo

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Keidanren chief voices caution over Trump's "protectionist" policies

Sadayuki Sakakibara, chairman of the Japan Business Federation, better known as Keidanren, speaks at a news conference in Osaka on Jan. 31, 2017, after talks with business leaders in the Kansai area. Sakakibara expressed caution over U.S. President Donald Trump's "America First" agenda on trade and immigration. (Kyodo) ==Kyodo

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Business leaders call on Japan, U.S. to promote free trade

Japanese Foreign Minister Fumio Kishida (L) receives a proposal from a group of business leaders in Tokyo on Nov. 11, 2016. Amid concerns about U.S. President-elect Donald Trump's protectionist tendencies, the proposal said that Japan and the United States need to push free trade and promote bilateral economic cooperation. (Kyodo) ==Kyodo