EU Set to Impose Tariffs on Chinese EVs
EU Set to Impose Tariffs on Chinese EVs
EU Set to Impose Tariffs on Chinese EVs
News summary

The United States and European Union are poised to implement steep tariffs, including a 100% levy on Chinese electric vehicles (EVs), following the rejection of minimum import price proposals from Chinese manufacturers aimed at avoiding such tariffs. China expressed profound disappointment at the EU's decision, citing a lack of in-depth dialogue and accusing the bloc of disregarding the sincerity of its industry's efforts. The EU Commission emphasized that the rejected offers did not adequately address the harmful effects of subsidies and maintained that it is open to further negotiations. The Chinese Commerce Minister is scheduled to meet with the EU's Trade Commissioner on September 19 to discuss the tariffs amidst ongoing tensions. Despite the push for dialogue, China's state media has signaled a firm stance, asserting that it will not concede on core interests during negotiations. The final vote on the tariffs by EU member states is expected in October, with indications of division among them regarding the measures.

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