In short:
- The EU plans to impose provisional tariffs of 17.4% to 38.1% on Chinese-made EVs starting July 4, citing unfair subsidies that harm EU automakers.
- Both China and Germany's economy minister expressed willingness to hold discussions to resolve the dispute before the tariffs take effect.
- China is also investigating European pork imports, which may be a response to the EU's EV tariff measures.
Key quote:
“The doors are open for discussions. And I hope that this message was heard.”
— Robert Habeck, Germany’s economy minister and vice chancellor
Why this matters:
Increased tariffs could escalate trade tensions between China and the EU, impacting global trade and the electric vehicle market. An agreement could help avoid further economic conflict and support fair competition in the automotive industry.
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