China and EU Begin Talks to End EV Tariffs
This development follows a video call on April 8, 2025, between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic, where both parties discussed enhancing trade relations and addressing concerns over EV pricing and subsidies.
China challenges EUs 35% tariff, citing unfair trade practices
In response to Chinas growing EV market share, the EU had imposed additional tariffs of up to 35.3% on Chinese-made EVs starting in November 2024, citing concerns over unfair subsidies and market distortion. Chinese automakers, including BYD, Geely, and SAIC, have challenged these tariffs at the Court of Justice of the European Union, arguing that the duties are unjustified and harmful to their businesses.
The resumption of negotiations signifies a mutual effort to resolve trade tensions and establish a more favorable environment for EV manufacturers on both sides. Both China and the EU have expressed their commitment to fostering a rules-based multilateral trading system and addressing each others legitimate concerns.
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Text source: Coindoo
