Looks like China 🇨🇳 and the European Union 🇪🇺 are hitting the negotiation table to sort out their electric vehicle (EV) tariff squabble! 🚗⚡
On Thursday, both sides had what they called a \"comprehensive, in-depth and constructive\" chat about the EU's ongoing anti-subsidy investigation into Chinese EVs. Basically, the EU is checking if China's giving unfair support to its EV makers, making it tough for others to compete.
Chinese Minister of Commerce Wang Wentao and European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis got together and expressed their political will (yep, that's fancy talk for \"we want to fix this\") to resolve their differences through conversations.
The big takeaway? They agreed to keep pushing negotiations on price commitments and are all in on finding a friendly solution. 🤝
China's Ministry of Commerce wasn't too happy when the EU kicked off this investigation without a formal complaint from EU industries. They called the move \"non-compliant, unreasonable and unfair.\" Ouch. 😬
But hey, even though they didn't agree with the EU's actions, China has been super sincere (their words!) in trying to sort things out through dialogue. They even proposed a price commitment solution and tweaked it based on EU feedback. Talk about going the extra mile! 🌟
So, what's next? Both sides are keeping the conversation going, aiming to reach a win-win situation. Stay tuned, folks! This could shake up the global EV scene. 🌍🚀
Reference(s):
China, EU hold constructive consultation on EV tariff disputes
cgtn.com
