CESCE, Country Risk
Harsh statements from the Chinese government in the face of the trade offensive by the EU. China accused the European Union of working to "suppress" Chinese companies and said it will take measures to safeguard its interests.
![[Img # 57690]](https://empresaexterior.com/upload/images/06_2024/5617_union-europea.jpg)
These statements come shortly before the UE announce its decision on imposing tariffs on Chinese electric vehicles.
"Pekin wants to address economic and trade frictions through dialogue and avoid uncontrolled escalation,” said the Minister of Commerce Wang Wentao, in a meeting with Chinese companies in Spain on June 2. He added that the leaders of France, Germany and the EU have expressed their desire to avoid a commercial war. However, he also warned that “if the EU does not walk its talk and continues to suppress Chinese companies, China will take all necessary measures to firmly safeguard the legitimate interests of Chinese companies.” These statements come after the EU has opened a barrage of trade investigations against Beijing in recent months for anti-dumping and unfair subsidies, especially in the clean technology sector.
The bloc must tell Chinese electric vehicle exporters of its intention to impose tariffs – and their amount – in early June and they could come into effect a month later. Wang He said the EU has used overcapacity, unfair competition and "other false narratives" to launch investigations into Chinese electric vehicles, railways, solar energy, medical equipment and other sectors, raising the risk of friction. between China and the EU.
Source: CESCE
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