{"id":1498709,"date":"2024-10-26T13:20:00","date_gmt":"2024-10-26T17:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1498709"},"modified":"2024-10-26T13:20:00","modified_gmt":"2024-10-26T17:20:00","slug":"eu-and-china-continue-talks-on-ev-tariffs-alternative","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/eu-and-china-continue-talks-on-ev-tariffs-alternative\/1498709\/","title":{"rendered":"EU And China Continue Talks On EV Tariffs Alternative"},"content":{"rendered":"

EU And China Continue Talks On EV Tariffs Alternative<\/span><\/p>\n

\n

By Tsvetana Paraskova of OilPrice.com<\/a><\/em><\/p>\n

The European Union and China agreed on Friday to continue discussions on a possible alternative to the EU import tariffs on China-made electric vehicles,<\/strong> a week before the levies are set to come into force, the European Commission said<\/a>.<\/p>\n

<\/a><\/em><\/p>\n

The European Commission\u2019s Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, initiated a video call today with Chinese Minister of Commerce, Wang Wentao, to discuss the EU investigation on imports of battery electric vehicles (BEVs) from China and ongoing negotiations about price undertakings.<\/p>\n

Early this month, the European Commission received enough support from the EU member states to impose hefty\u00a0tariffs of up to 45%<\/a>\u00a0on imports of electric vehicles from China due to unfair subsidizing.<\/strong><\/p>\n

The EU and China have been negotiating a potential alternative solution to the tariffs, but if they do not reach an agreement, the import duties will come into force at the end of this month.<\/p>\n

Talks with China on an alternative to the EU tariffs will continue even after the high import duties are imposed next week, the Commission has said.<\/p>\n

After the EU-China call on Friday, the Commission said \u201cThe principals took stock of the progress made during eight technical negotiating rounds, as well as significant remaining gaps.\u201d<\/strong><\/em><\/p>\n

Both parties \u201creaffirmed their political commitment to finding a mutually agreeable solution, which would need to be effective in addressing the level playing field in the EU market and WTO-compatible,\u201d the Commission said, adding that \u201cThe principals agreed that further technical negotiations would take place shortly.\u201d<\/p>\n

The provisional EU tariffs, in force since July, have led to a reaction in China, which is proceeding with anti-dumping investigations of EU imports,\u00a0targeting brandy and pork<\/a>\u00a0imports from the bloc, likely aimed at Spain, France, the Netherlands, and Denmark.<\/strong><\/p>\n

Several EU member states, including Germany, and Germany\u2019s giant automakers have expressed concern that the tariffs could lead to a wider trade spat and retaliatory tariffs from China.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 10\/26\/2024 – 09:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/technology\/eu-and-china-continue-talks-ev-tariffs-alternative<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

EU And China Continue Talks On EV Tariffs Alternative By Tsvetana Paraskova of OilPrice.com The European Union and China agreed on Friday to continue discussions…<\/p>\n","protected":false},"author":0,"featured_media":1498710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1498709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1498709"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1498710"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1498709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1498709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1498709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}