Reported 8 months ago
China and the European Union have agreed to start negotiations on tariffs concerning electric vehicles (EVs). Previously, the EU had threatened tariffs of up to 38% on Chinese EV imports, prompting discussions between the two major regions. China aims to resolve the issue before a July 4th deadline and potentially remove all tariffs, while also considering reducing or eliminating tariffs on German luxury automobiles in exchange for their support. The outcome of these negotiations could impact Chinese EV makers trading in other markets, such as the US and Canada.
Source: YAHOO