【Watch Angel Has Fallen Online】

China on Watch Angel Has Fallen OnlineMonday filed an official complaint with the World Trade Organization (WTO) over the European Union’s decision to levy additional tariffs of up to 35.3% on Chinese electric vehicle (EV) imports, as significant differences remained in the months-long discussions between the two sides. In a statement published by China’s Ministry of Commerce, the EU’s final ruling on anti-subsidy measures was criticized as “an abuse of trade remedy measures and a form of trade protectionism in the name of countervailing.” Since September, Beijing and Brussels have been jointly pushing to reach an agreement on so-called price undertakings — which involve a minimum price commitment by exporters and often specify a volume floor; however, no major progress has been achieved in the discussions. The EU has sent a team of officials to Beijing to hold more talks, Bloomberg reported, citing the bloc’s incoming trade chief, Maros Sefcovic. [China’s Ministry of Commerce, in Chinese, Bloomberg]

(Editor: {typename type="name"/})