SHENZHEN, China (Reuters) – The China Association of Automobile Manufacturers (CAAM) is “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union, the industry group said in a statement on Saturday.
Manufacturers had cooperated with the European Commission’s investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat.
The EU imposed tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, with a four-month window during which the tariffs are provisional with intensive talks expected between the two sides.
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“CAAM deeply regrets this and holds it firmly unacceptable,” it said.
The provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what European Commission President Ursula von der Leyen said is a threatened flood of cheap Chinese electric vehicles built with state subsidies.
The EU anti-subsidy investigation has nearly four months to run.
