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EU and China in talks on electric cars/ Consider setting minimum prices and eliminating tariffs
2025-04-13 22:57:47 / EKONOMI&SOCIALE
The European Union and China have agreed to consider setting minimum prices for electric vehicles made in China, instead of tariffs imposed by the EU last year, a European Commission spokesman said.
EU Trade Commissioner Maros Sefcovic spoke with his Chinese counterpart in the past 24 hours and both sides agreed to explore setting minimum prices, an EU spokesman said. Sefcovic has previously said that any minimum price would have to be as effective and enforceable as EU tariffs.
Previous minimum price agreements agreed by the EU have been for homogeneous goods, rather than complex products like cars.
The Commission has said that a single minimum price would not be adequate to counter the harm caused by subsidies. The EU raised tariffs on electric vehicles made in China to 45.3% last October, but Brussels and Beijing have floated the idea of removing the tariffs through possible minimum price commitments.
The European Commission has said it is ready to continue negotiations on an alternative to the tariffs with China, which included duties of 17% on vehicles made by BYD, 18.8% for Geely and 35.3% for SAIC, in addition to the EU's standard car import tax of 10%.
The discussions to potentially find a truce over the long-running dispute, which has also troubled French cognac producers as Beijing took retaliatory trade action, come after White House President Donald Trump launched the trade war.
Beijing imposed punitive tariffs on French cognac last year, hurting sales in the world's No. 2 economy and a major market for global companies.
The German automotive industry association VDA welcomed the talks between the EU and China, calling the duties a "mistake" and calling for a negotiated solution./ SCAN
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