Reported 8 months ago
After EU and China agreed to negotiate on imposing temporary tariffs on Chinese imported electric vehicles, the risk of soaring prices for Chinese electric cars in the EU may be alleviated. The high-level officials from both sides discussed the tariff issue and agreed to further negotiate, despite existing friction. The call came after the EU threatened to impose tariffs of up to 38% on Chinese electric cars, marking the first negotiation on the matter. The EU's punitive tariff policy against Chinese electric vehicles follows the US's recent move to increase tariffs on Chinese electric cars from 25% to 100%, indicating differing approaches towards China between the US and EU. The negotiations between EU and China, marked by multiple steps over nine months, contrast sharply with the US's swift tariff implementations against China, showcasing the distinct approaches and efficiencies in handling trade disputes between the two entities.
Source: YAHOO