EU, China close to agreement over EV import tariffs, leading MEP says
FRANKFURT (Reuters) -Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the trade committee of the European Parliament told a German broadcaster.
"We are close to an agreement: China could commit to offering e-cars in the EU at a minimum price," Bernd Lange told n-tv, without elaborating. "This would eliminate the distortion of competition through unfair subsidies, which is why the tariffs were originally introduced."
The European Commission was not immediately available for comment.
The European Union last month decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% in its highest-profile trade investigation, a move that has divided Europe and triggered retaliation from Beijing.
The tariffs, which became effective on Oct. 30, were imposed to counter what it says are unfair subsidies including preferential financing and grants as well as land, batteries and raw materials at below market prices.
Despite the tariffs coming into force, both sides have continued negotiations to find a solution, fuelling hopes primarily among German carmakers — which heavily depend on the Chinese market — that a trade dispute can be averted.
China's Chamber of Commerce to the EU at the time said it was profoundly disappointed by the "protectionist" and "arbitrary" EU measure.
(Reporting by Christoph Steitz; additional reporting by Benoit Van Overstraeten; editing by Jonathan Oatis)
"We are close to an agreement: China could commit to offering e-cars in the EU at a minimum price," Bernd Lange told n-tv, without elaborating.
It's pretty insane that Europe is so corrupt, their aristocracy are trying negotiate for China increase profit made from Europeans consumers, just so the aristocracy can continue to also exploit their own people.
Instead of the EU collecting tariff taxes. Manufacturers who built Chinese made cars will receive more profits. Tesla Shanghai is probably loving this.
Cry ab it.Anothe the economist CN article.
"“In China’s system, Xi is in effect both pope and emperor—responsible for ruling, as well as promulgating ideological justifications that read like an obscurantist theological treatise from the Middle Ages.”" jon czin
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Another female Chinese diaspora reporter working for Western MSMThe economist new correspondent in CN looking for tips.
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Good, anything that breaks off Europe from the Trump regime is good for China.
Instead of the EU collecting tariff taxes. Manufacturers who built Chinese made cars will receive more profits. Tesla Shanghai is probably loving this.
The whole North Korea - Russia integration is very interesting.Russia supplied air defense missiles to North Korea in return for its troops, South Korea says
S-400 apparently
Holy s**t, these people are so deluded to think that after nuclear exchanges they still gonna have a society to begin with lol"The US wants to continue to lead the world even after an exchange of nuclear strikes
We must have spare capacity. We will not use all our resources to win, said the spokesman for the strategic command of the US Department of Defense"
This is who Alex Wong and his expertise on Grand Strategy along with his expertise on China.Cry ab it.
Another female Chinese diaspora reporter working for Western MSM
Good, anything that breaks off Europe from the Trump regime is good for China.
Who is this crazy Alex Wong? BTW, someone has to go to jail if China doesn't ramp up its nuclear strike force rapidly.
Wow, the knife is out in Philippines.
The Economist, nuff said.

"In Seoul, 100000 Koreans for democracy, sovereignty and peace on the Korean Peninsula." Must be those mysterious 100K NK super soldiers! Putin and Kim Jong Un have covertly flown them back from Ukraine to humiliate Yoon.No mention in western news when people protest against their pawn