WTO to examine China complaint over EU electric vehicle tariffs
GENEVA: The World Trade Organisation (WTO) agreed on Friday to establish an expert panel to examine a complaint from Beijing over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.
The extra taxes of up to 35 per cent were announced last October after an EU probe found Chinese state subsidies were undercutting European automakers. When China initially brought the case to the WTO late last year, it said it did not “agree with or accept” the tariffs.
“China will... take all necessary measures to firmly protect the legitimate rights and interests of Chinese companies,” Beijing’s commerce ministry said at the time. China’s representative told a closed-door meeting of the WTO’s Dispute Settlement Body Friday that the country considered the EU measures inconsistent with international trade rules, according to a Geneva-based trade official.
-
Prince Harry Relationship With King Charles 'not Straightforward,' Says Expert -
Truth Behind Jennifer Lopez's 'rude' Glambot Moment Laid Bare -
Nicole Richie Still Loves This Makeup Trend From Her Teen Years -
Meghan Markle Plans To Hide Behind Kids Over Return To UK -
Dolly Parton Marks Major Milestone As State Governor Honors Her Legacy -
Karley Scott Collins Reacts To Rumours Of Her Dating Keith Urban -
Meghan Markle Sends Shockwaves With Promise Of Chaos: ‘Has The Power To Upset The Royals’ -
Jesy Nelson, Zion Foster Call It Quits Amid Twins' Heartbreaking Diagnosis: Source -
What King Charles Told Princess Diana In Letter Before Wedding? -
David Crosby Said This One Singer Had 'no Talent At All' -
Meghan Markle’s Return Risks Setting Off Something ‘exhausting’ And William, Kate Are Bracing -
Bruce Springsteen Reveals Singer He Finds To Be Greatest Rock And Roll Voice -
Andrew Mountbatten Windsor Ensures Teddy Bear Collection Reaches New Home -
Ben Affleck Recalls 'throwing Up' During 'Armageddon's Final Scene -
Kevin Costner Marks 71st Birthday With Decades-old Throwback Photos -
Why Royal Lodge Fell Into Disarray Under Andrew: Insider Exposes Loophole