Significant progress! The EU has made concessions! The US is likely to feel nervous! On April 10, an EU spokesperson said that the EU and China have agreed to set a minimum price for Chinese-made electric vehicles as an alternative to the additional tariff measures decided by the EU last year. Foreign media reported that both sides agreed to study the formulation of a minimum price for Chinese electric vehicles. Trump pushed the tariff war to its extreme, while significant progress was made between China and Europe on the issue of new energy vehicles, which is undoubtedly good news. In fact, since October last year, the EU has imposed punitive anti-subsidy tariffs on electric vehicles imported from China. Combined with the general tariff rate, the highest tariff rate levied by the EU on our new energy vehicles reaches 45.3%. Clearly, this move by the EU is nothing but blatant trade protectionism, greatly affecting car trade between China and Europe. In response, we also implemented countermeasures to exert pressure on the EU. This major turning point in this issue between China and Europe is largely due to Trump's trade war. In fact, although Trump announced a 90-day suspension of tax increases, Trump's extortion has not stopped. Recently, the ever-changing Trump once again stated that if no agreement is reached, high "reciprocal tariffs" will be restored. For Europe, the US is now particularly unreliable. In front of Europe, Trump's appetite is immense. Trump not only demands zero tariffs on both sides, but also proposes that the EU purchase $350 billion worth of American energy and other American products. Undoubtedly, Europe is very clear that standing together with China and strengthening economic and trade cooperation with China will help Europe increase its底气in facing American extortion. US Treasury Secretary Bessant just warned Europe that some European governments may consider closer ties with Beijing after the next round of Trump's tariffs take effect, and such actions are considered equivalent to "digging their own graves." Obviously, in the face of America's warning, Europe ignored it this time. The counter-reaction of America's trade war has undoubtedly rebounded onto itself. Original article: https://www.toutiao.com/article/1829084950490441/ Disclaimer: The article represents the views of the author alone.