China wants EU to scrap preliminary tariffs on EVs by July 4
Beijing has urged the European Union to cancel its initial tariffs on Chinese electric vehicles before July 4, according to China’s state-controlled Global Times.
This request follows an agreement between both parties to initiate new trade discussions.
The EU’s temporary tariffs, which could reach 38.1% on Chinese-made EV imports, are scheduled to take effect by July 4 as part of an investigation into what the EU alleges are excessive and unfair subsidies provided to Chinese EV manufacturers.
Also read: E-fuels offer a long-term solution for key transport sectors, report says
China has consistently urged the EU to withdraw its tariffs and has shown readiness to engage in negotiations.
Beijing aims to avoid further escalation of trade tensions, particularly in light of past experiences such as the tariffs imposed by the Trump administration on Chinese goods.
However, China emphasizes that it will take necessary measures to safeguard its firms in case of any tariff disputes.
According to the Global Times, citing observers, the optimal result from the talks would be for the EU to cancel its tariff decision before July 4.
The tariffs are scheduled to be finalized on November 2 following the completion of the EU’s anti-subsidy investigation.
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