Friday, June 21, 2024

China Warns of Potential Trade War as EU Proposes Tariffs on Chinese EV Imports

China's Ministry of Commerce has raised alarms over the European Union's escalating trade tensions, warning that it could lead to a "trade war."

The European Commission recently suggested imposing tariffs as high as 38.1% on electric vehicle (EV) imports from China, a move that has sparked objections from Beijing, PressTV reported.

The decision has strained trade relations, raising the prospect of retaliatory measures from China, the world's second-largest economy.

"Responsibility lies entirely with the EU side," a Chinese ministry spokesperson said in a statement on Friday.

 Canada is considering imposing new tariffs on Chinese electric vehicles following similar measures taken by the European Union and the United States, US media reported on Friday citing Canadian officials.

Prime Minister Justin Trudeau's cabinet is still unclear about how to proceed, people familiar with the considerations told Bloomberg on condition of anonymity. The start of public consultations on import tariffs is likely to be announced soon.

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