China and EU Standoff Over Electric Vehicle Tariffs Intensifies

Despite multiple negotiation rounds, China and the EU remain at odds over proposed tariffs on Chinese EVs, with both sides warning of potential trade repercussions.

• China has urged the EU not to engage in separate price negotiations with individual Chinese automakers, warning it could undermine ongoing tariff discussions.
• Eight rounds of negotiations between China and the EU have failed to resolve significant disagreements over the proposed EU tariffs on Chinese electric vehicles.
• The EU plans to impose tariffs up to 45% on Chinese EVs, citing unfair subsidies by Beijing, while China denies these claims and threatens retaliatory tariffs on European goods.
• China proposed a minimum price for its EVs exported to Europe to avoid tariffs, but the EU rejected this suggestion, escalating tensions further.
• European Council President Charles Michel expressed hope for a resolution soon, emphasizing the need for fair competition and balanced economic relationships.

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