SHENZHEN, China (Reuters) – The China Affiliation of Car Producers (CAAM) is “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union, the business group mentioned in an announcement on Saturday.
Producers had cooperated with the European Fee’s investigation into Chinese language subsidies, however the inquiry had ignored the details and preselected outcomes, CAAM mentioned in a put up on the Chinese language messaging app WeChat.
The EU imposed tariffs of as much as 37.6% on imports of electrical automobiles made in China from Friday, with a four-month window throughout which the tariffs are provisional with intensive talks anticipated between the 2 sides.
“CAAM deeply regrets this and holds it firmly unacceptable,” it mentioned.
The provisional duties of between 17.4% and 37.6% with out backdating are designed to stop what European Fee President Ursula von der Leyen mentioned is a threatened flood of low cost Chinese language electrical automobiles constructed with state subsidies.
The EU anti-subsidy investigation has practically 4 months to run.
