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EU, China near deal to end EV tariffs amid trade tensions. In late October, the European Commission approved additional duties of up to 35.3% on electric vehicle imports from China, citing concerns over unfair subsidies
Getting hammered by Chinese EV stocks for recent weeks, heavily manipulated HK market.
The chair of the European Parliament's Committee on International Trade, Bernd Lange, announced on Friday that the EU and China are nearing a deal to remove tariffs on Chinese electric vehicle imports to Europe.
"We are continuing negotiations with the Chinese side on electric vehicles. We are close to a decision with China to cancel the duties. We are close to an agreement: China can commit to offering electric vehicles in the EU at least at the minimum price. This would solve the problem of distorting competition through unfair subsidies, which is why duties were initially introduced," Lange told German broadcaster NTV.
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