The EU and China agree on setting a minimum price for electric vehicles

The European Union and China have agreed to set a minimum price for electric vehicles made in China, rather than impose tariffs. According to Reuters, citing an EC spokesperson, the EU Trade and Economic Security Commissioner Maros Sefcovic and Chinese Commerce Minister Wang Wentao agreed on this after their talks. The German Handelsblatt reported that relevant negotiations have begun. The EU imposed up to 45.3% tariffs on Chinese-made electric vehicles last October.

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Original source: https://www.toutiao.com/article/7491894004313817611/

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