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China and the EU Agree on Steps to Resolve Their Dispute over EV Imports
The European Commission published guidance allowing Chinese automakers to submit price undertakings that could lift tariffs up to 35.3%, aiming to protect 2.5 million direct EU jobs.
- On Monday, China's Commerce Ministry said China and the European Union reached a deal on exports of Chinese-made electric vehicles, with the EU set to issue minimum-pricing guidelines for Chinese auto exporters.
- EU officials said the dispute stemmed from subsidy concerns as Chinese homegrown automakers use Beijing's government fleet orders, low-interest loans from state-owned banks, cheap land, tax breaks, and subsidized materials to undercut European car brands.
- Most imports into Europe were from Western automakers with factories in China, including Tesla and BMW, and the value of battery-powered cars imported to Europe rose from $1.6 billion in 2020 to $11.5 billion in 2023, while the U.S. imposed a 100% tariff in 2024.
- The deal leaves open the status of 2024 tariffs while noting climate goals, as it did not directly say if EU tariffs up to 35.3% will end despite the EU needing affordable EVs to meet its 55% 2030 emissions target.
- Broader implications include safeguarding a rules-based international trade order as China's commerce ministry said these steps support healthy China-EU economic and trade relations amid industry alarm in Europe and the United States.
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94 Articles
94 Articles
They reach an agreement for manufacturers to set minimum prices for their cars. The proposals, one for each car model, will then have to be approved by Brussels. Read
·Madrid, Spain
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The measure seeks to balance competition with European manufacturers without triggering a direct tariff escalation
The European Commission denies having reached an agreement with Beijing with respect to tariffs on Chinese electric cars. The document published today by the EU executive ...
For a year now, the EU has imposed tariffs on Chinese e-cars. China wants to defuse the conflict and gives itself accommodating and hard at the same time.
·Zürich, Switzerland
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Coverage Details
Total News Sources94
Leaning Left17Leaning Right10Center22Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 35%
C 45%
R 20%
Factuality
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