China extends anti-subsidy duties on EU potato starch imports for 5 years, hits back at EV probe
- China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday
- Earlier on Thursday, Beijing had hit back at the European Union over its planned anti-subsidy probe into the rapid rise of its electric vehicle exports
China confirmed on Thursday that it would continue to impose anti-subsidy duties on potato starch imports from the European Union for the next five years, hours after Beijing’s latest protest against the bloc’s planned probe into China’s soaring exports of electric vehicles.
Beijing’s customs tariff commission said that the duties, which will take effect from Saturday, were “upon the suggestion of China’s Ministry of Commerce”.
The tariff was first levied in 2011, at a rate of 7.5 to 12.4 per cent, before being extended in 2017.
A review, which started a year ago, concluded that the termination of the anti-subsidy tariff might put China’s domestic industry at risk, according to the Ministry of Commerce.
Earlier on Thursday, the commerce ministry had said that Brussels’ decision on Wednesday to investigate China’s subsidies for electric vehicles was a “protectionist tendency” and would endanger the global auto industry and supply chains.
