China and EU to Discuss Proposed 48% Tariffs on Electric Vehicles

Jun 23, 2024, 03:53 PM

China and the European Union have agreed to initiate discussions regarding the EU's proposed tariffs on electric vehicles (EVs) imported from China. The talks aim to address the EU's plans to impose tariffs of up to 48% on Chinese-made EVs. This move is seen as a measure to protect the European automotive industry from the influx of competitively priced Chinese electric cars. The discussions are expected to continue over the coming weeks, as both parties seek to avoid a potential trade war.