The European Commission is set to hit Chinese EV manufactures with duties of up to 48 percent, citing 'unfair' state subsidies.
Beijing has denounced a widely anticipated European Union decision to increase tariffs on Chinese electric vehicles to as much as 48 percent, calling it a 'naked protectionist act' that will disrupt the international automotive industry.
In a news release, the commission said it had contacted Beijing to discuss its findings and 'explore possible ways to resolve the issues identified in a WTO-compatible manner.'Newsweek has contacted the World Trade Organization for comment via email.'When our partners breach the rules, we will assert our rights,' Valdis Dombrovskis, the commission's executive vice president, wrote in a statement.
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