Analysts confirm that official Beijing took a step that few expected as part of the “trade war” between China and the EU. Chinese officials, Next.gazeta.pl reports, started a dispute within the World Trade Organization (WTO).
“The Chinese side is showing determination to repay the debt. We are not yet sure of the magnitude of these retaliations, but we can already see from the weapons released but not yet fired that they are quite powerful.” – says a well-known China expert Jakub Jacobovsky.
The expert recalled that the EU has already raised tariffs on Chinese electric cars to 45%.
According to unofficial information, the Chinese have suggested that their auto companies limit investments in Europe. Especially to those countries that supported the new tariffs. Beijing has also retaliated against French cognac producers, seeking to punish the biggest proponent of the tariffs, France. However, there are still fears of an even more serious reaction in Europe.
As Politico has learned, “To protect the interests of the development of the electric vehicle industry and global cooperation in the field of green transition, China has decided to file a lawsuit against the EU’s anti-subsidy measures.”. The WTO will consider the relevant complaint.
