China and the EU have agreed to start negotiations on the EU's planned introduction of tariffs on Chinese-made electric vehicles. About this reports Xinhua.
As noted, Chinese Commerce Minister Wang Wentao and European Trade Commissioner Valdis Dombrovskis agreed on Saturday to start consultations on the EU's anti-subsidy investigation into Chinese electric cars.
According to Bloomberglast week the EU announced plans to impose taxes of up to 48% on electric vehicles imported from China.
In addition, the EU has launched a series of investigations against China, citing unfair trade practices by the PRC, such as large government subsidies. Beijing retaliated with threats against European goods.
German Vice Chancellor Robert Habeck, who is in China on a visit, met with Wang on Saturday and confirmed the EU's readiness to discuss the issue of tariffs.
“You have to be very careful now, this is the first step and there will be many more. But at least this is the first step that was not possible before. That's why tonight is a good evening if we want to try to maintain a level playing field and avoid a tariff war.”– Gabek told journalists in Shanghai.