Financial News

EU Signals Willingness to Continue Talks with China about EV Tariffs

A senior European Union (EU) official has revealed that the European Commission is willing to continue talks with China about electric vehicle import tariffs, even after the EU imposes such tariffs. The commission launched an antisubsidy probe into Chinese EVs several months ago to determine if China’s electric vehicle subsidy program gave its automakers an unfair edge over foreign carmakers.

Although the probe is still ongoing, the EU has already imposed import tariffs of up to 38% on battery electric cars manufactured in…

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