By: Kobina Baidoo
The Foreign Ministry of China in Beijing has addressed the increasing trade tensions influenced by the European Union on a draft decision to finalize tariffs on the electric vehicles made in China.
Reports explain that provisional tariffs for electric vehicles were released July, earlier this year and will reach a final agreement by the decision of all member states in November.
The EU’s draft decision on final EV tariffs made mostly minor modifications to the provisional rates announced last month.
Autos exported by BYD, the largest EV maker in China, would face a 17% tariff, while those from Shanghai-based SAIC Motor would be hit with the highest rate of 36.3%.
In Beijing, China’s Foreign Ministry spokesperson Mao Ning once again denounced the tariff plan, saying it was ‘politically motivated.’