China, EU revive EV tariff talks following U.S. trade actions
Seeking Alpha News (Fri, 04-Apr 4:13 AM)
China's commerce ministry stated on Thursday that China and the European Union have agreed to resume negotiations on electric-vehicle tariffs as soon as possible, in the wake of Trump's announcement of additional tariffs.
The remarks were made by ministry spokesperson He Yadong at a press conference. He noted that the resumption of talks is part of efforts to foster a stable environment for investment and industrial collaboration between Chinese and EU enterprises.
This decision, announced by China's Commerce Ministry, comes in response to President Trump's declaration of an extra 34% duty on Chinese imports and a 20% tariff on EU imports. A separate 25% tariff on foreign automotive imports has also been part of the Trump administration's trade agenda.
Beijing-EU trade relations have also been strained for a while, with the EU trading bloc placing a higher tariff on EVs made in China last year, charging BYD at 17.0%, Geely at 18.8% and SAIC at 35.3%.The three Chinese manufacturers took the tariffs to the Court of Justice of the European Union in January.
Earlier, in November, China and the EU explored alternative solutions, including minimum EV price requirements.
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