Trending
China's commerce minister claims new EU tariffs on electric cars will hurt trade
20 September 2024
China's Commerce Minister Wang Wentao has expressed concern that the European Union's decision to impose tariffs on electric vehicles (EVs) will "seriously hamper" trade and investment cooperation and negatively affect both China and Germany. During talks with German Vice-Chancellor and Economics Minister Robert Habeck on Tuesday (17 September), Wang stressed the importance of finding a solution in line with World Trade Organization rules to avoid escalating trade tensions between China and the EU. The European Commission is considering final tariffs of up to 35.3% on Chinese-made electric vehicles, on top of the standard 10% import duty on cars.