The European Union has introduced additional tariffs on electric cars imported from China, leading to ongoing negotiations between Brussels and Beijing.
Recent discussions between EU officials and China's Ministry of Commerce have reportedly made technical progress regarding a potential price commitment as an alternative to the newly imposed tariffs.
The EU is exploring mechanisms for establishing a minimum import price for electric vehicles, which would require monitoring and enforcement tools.
China's Ministry of Commerce also acknowledged progress in these talks, emphasizing their importance for maintaining mutual trust.
The tariffs, which will be in effect for five years, have drawn criticism from Germany, raising concerns about a potential trade conflict and retaliation against German manufacturers.
The European Commission argues that these tariffs are essential for safeguarding the future of the EU automotive industry, citing unfair subsidies benefiting Chinese manufacturers that allow them to offer cars approximately 20% cheaper than EU-made models.