China says EU car subsidy probe to impact trade

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BEIJING—China warned on Thursday a probe by the European Union into Beijing’s subsidies for electric cars would have a negative

The investigation, announced on Wednesday, could see the EU impose duties on cars it believes are unfairly sold at a lower price, undercutting European competitors.

European Commission President Ursula von der Leyen announced the anti-subsidy investigation on Wednesday, vowing to protect the bloc against unfair competition.French Finance Minister Bruno Le Maire said during a visit to Berlin the probe was a “very good decision”, while Germany’s Economy Minister Robert Habeck said it showed the “right attitude” and was about tackling “unfair competition”.

But there have long been concerns across Europe about how much the continent relies on Chinese products, especially those needed for the EU’s focus on clean energy.

 

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