October 4 is a crucial date looming for EU bureaucrats and the Chinese government, with talks continuing to avert looming tariff hikes on Chinese electric vehicles.
The European Commission is in intense discussions with Beijing to avoid the imposition of duties, with negotiations led by Martin Lukas, the commission’s director of trade defense.
Lukas revealed that Chinese firms have proposed minimum price arrangements for EV imports in an effort to reach a mutually beneficial deal.
China EVs hit with EU tariff hike
In the lead-up to October 4, European Union officials are racing against time to derail impending tariff increases on Chinese electric vehicles. The Chinese government is striving to reach an agreement with the European Commission to prevent the implementation of these tariffs. Martin Lukas, the commission’s trade defense director, is actively engaged in negotiations to find common ground with Chinese counterparts. Chinese companies are putting forth proposals to establish minimum prices for electric vehicle imports in the hopes of striking a deal before the deadline. The outcome of these talks will have significant implications for the trade relations between China and the European Union. Stay tuned for further updates on this developing trade dispute.
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