China Refutes EV Subsidy Claims Amid U.S. Tariff Hike

China denies using prohibited subsidies for electric vehicles, according to a foreign ministry spokesperson. This response comes after U.S. President Joe Biden accused China of flooding the U.S. market with subsidized EVs. Biden plans to maintain and increase tariffs on Chinese EVs and semiconductors in response.

China never uses World Trade Organization-prohibited subsidies for electric vehciles, a spokesperson for China's foreign ministry said on Thursday in response to a question at a regular press briefing. The spokesperson was adressing a query on U.S. President Joe Biden reportedly saying China provides subsidies to flood the U.S. market with electric vehicles.

Biden said he will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, including a quadrupling of import duties on Chinese EVs to over 100% and a doubling of semiconductor duties to 50%.

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