The European Union and China have initiated discussions to potentially scrap tariffs on electric vehicles (EVs). This development comes as both sides aim to address trade tensions and foster economic cooperation. The talks follow the EU’s imposition of provisional tariffs of up to 38.1% on Chinese-made EVs, citing concerns over excessive subsidies.
China has expressed a willingness to negotiate, emphasizing the importance of avoiding a tariff war and maintaining stable trade relations. The discussions also include commitments to address pricing concerns and create a more favorable business environment.
Sources:
https://finance.yahoo.com/news/china-wants-eu-scrap-ev-021607550.html