China proposes negotiations with EU to resolve electric vehicle tariff dispute

10/9/2024 19:13

        China has renewed its offer for talks with the European Commission to address economic and trade frictions to try to ease impending punitive tariffs on China-made electric vehicles.
        
        During a meeting with the European Commission's director general for trade on Monday, Vice Commerce Minister Li Fei said China was willing to engage in dialogue and consultations, his ministry said in a statement.
        
        The meeting took place just a day before Reuters reported that the EU was expected to lower its proposed final tariffs on Tesla and slightly reduce rates for other Chinese electric vehicles.
        
        The ministry emphasized that the issue of countervailing subsidies for Chinese electric vehicles was "complex" and presented significant challenges for reaching an agreement.