Trade
Don’t Call EU Tariffs on China EVs Protectionism, Gentiloni Says
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The European Union’s top economic official said that envisioned tariffs by the bloc on Chinese-made electric vehicles can’t be considered protectionism.
“Until maybe three or four years ago we had a more optimistic attitude on trade with China,” Economics Commissioner Paolo Gentiloni told Bloomberg Television’s “Balance of Power” on Friday. “Now we know that to have a level playing field, we have to be much more monitoring how much subsidies are working and how several sectors are affected by overproduction. Having this new approach doesn’t mean that we will adopt a protectionist attitude.”