The EU and China Agree to Hold Talks Over Looming EV Tariffs
China and the European Union have agreed to hold further talks as the deadline for implementing steep import tariffs on Chinese electric vehicles looms. The EU first implemented the tariffs several months ago after cheap Chinese EVs began flooding into the regional bloc and the European Commission launched a probe into Beijing's electric vehicle subsidy program. The investigation found that China had given its automotive sector an unfair advantage by pumping tens of billions’ worth of subsidies into the sector for over a decade. The subsidy program allowed Chinese carmakers to manufacture EVs at low cost and sell them cheaply,…
