Reported 4 months ago
China is preparing to negotiate with Europe as the European Commission plans to increase tariffs on Chinese electric vehicles, a move that could result in billions of dollars in new costs for Chinese EV manufacturers. Both sides have incentives to reach an agreement, with China's EV industry needing profitable exports and German automakers seeking access to China's auto market. The provisional tariffs, expected to be announced by June 5, could prompt additional discussions and potentially lead to a resolution beneficial for both parties.
Source: YAHOO