China and the EU are about to reach an agreement on the electric vehicle tariff dispute!
Global Finance
2024-11-25 11:14:46
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According to German media reports on November 22, Bernd Lange, chairman of the European Parliament’s Trade Committee, said that the EU must readjust its competition policy after Trump enters the White House. He said there was hope for a deal at least in the tariff dispute over Chinese electric vehicles.
As for German Chancellor Scholz's firm opposition to the EU's imposition of tariffs on Chinese electric vehicles, Bernd Lange believes that Scholz has a different assessment of China's electric vehicle tariffs because German manufacturers have a market in China. Germany is concerned that China may backlash, affecting these manufacturers in the Chinese market. In addition, the EU is still negotiating with China on electric vehicles and is about to reach a solution with China to eliminate tariffs.
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