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Strongly displeased' with EU anti-subsidy measures, China auto group says

Strongly displeased' with EU anti-subsidy measures, China auto group says


In a post on the Chinese messaging app WeChat, CAAM said that while manufacturers had complied with the European Commission's probe into Chinese subsidies, the investigation had disregarded the facts and produced outcomes that were preselected.


The industry body China Association of Automobile Manufacturers (CAAM) said in a statement on Saturday that it is "strongly dissatisfied" with the anti-subsidy levies that the European Union has proposed.


In a post on the Chinese messaging app WeChat, CAAM said that while manufacturers had complied with the European Commission's probe into Chinese subsidies, the investigation had disregarded the facts and produced outcomes that were preselected.


On Friday, the EU levied import taxes of up to 37.6% on electric cars manufactured in China. The tariffs are temporary and will be in place for four months while the two sides have extensive negotiations.


"CAAM deeply regrets this and holds it firmly unacceptable," stated the organization.


The temporary tariffs, which range from 17.4% to 37.6% without backdating, are intended to stop what European Commission President Ursula von der Leyen described as an impending flood of low-cost Chinese electric cars that were constructed using government subsidies.


There are about four months left in the EU anti-subsidy probe.

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