* . * . . .
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
Monday, May 12, 2025
Love Europe
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
Love Europe
No Result
View All Result
Home Germany

China Might Negotiate With Europe Over Tariff Concessions

June 28, 2024
in Germany
China Might Negotiate With Europe Over Tariff Concessions
Share on FacebookShare on Twitter
ADVERTISEMENT

China hopes Germany will convince the EU to sit at the negotiating table over the new tariffs

https://www.carscoops.com/author/bradcarscoops-com/

by Brad Anderson

2 hours ago

 China Might Negotiate With Europe Over Tariff Concessions

China could work with Germany to convince the EU to come to the negotiating table.

The European Union’s new tariffs on Chinese-made EVs will come into force on July 4.

A European Commission spokesperson says it’s open for negotiations.

Chinese officials are trying to sweet-talk the Germans to convince the European Union to scrap plans to hit Chinese-made EVs with pricey new tariffs.

During recent discussions between Chinese Commerce Minister Mang Wentao and German counterpart Robert Habeck in Beijing, Wentao suggested the country could lower existing tariffs on large-engine cars if the EU ditches its EV levies. This comes after China has threatened to slap a 25% import duty on European cars with combustion engines larger than 2.5 liters.

Read: EU Tariffs On Chinese EVs Could Cost Beijing $4 Billion In Trade

Germany has opposed the EU’s new tariffs, and China is thought to be hopeful it can convince the country to pressure other EU members. Speaking about the tariffs earlier this week, German Chancellor Olaf Scholz said he wanted the two sides to negotiate and said there’s time to strike a deal before the tariffs are introduced on July 4.

“However, it is clear that we will also need serious movement and progress from the Chinese side,” he said.

According to the head of trade policy at the Hinrich Foundation, Dr. Deborah Elms, the EU can postpone the introduction of the new tariffs if it decides to negotiate.

“The EU could always opt to postpone the imposition of tariffs, pending the outcome of negotiations,” she told The Straits Times. “As long as the two sides are making sufficient progress towards an answer, it’s possible to stop the clock.”

 China Might Negotiate With Europe Over Tariff Concessions

European Commission spokesman Olof Gill says the EU is open to negotiations.

“The two sides agreed to engage on the basis of facts and in full respect of WTO rules,” he said. “The EU side emphasized that any negotiated outcome to its investigation must be effective in addressing the injurious subsidization.” 

Under the new tariffs announced in June, Chinese EV manufacturer SAIC will be hit with an additional 38.1% tariff on top of the existing 10% tariff it already pays. Tariff hikes of 17.4% and 20% were announced for BYD and Geely, respectively. The tariffs will vary between 21% and 38.1% for other EV makers.

 China Might Negotiate With Europe Over Tariff Concessions

Source link : https://www.carscoops.com/2024/06/china-might-negotiate-with-europe-over-tariff-concessions/

Author :

Publish date : 2024-06-28 13:08:21

Copyright for syndicated content belongs to the linked Source.

Tags: EuropeGermany
ADVERTISEMENT
Previous Post

Greece to deport 9 European nationals involved in pro-Palestinian protest in Athens – Anadolu Agency

Next Post

Sam Bankman Fried’s FTX Crypto Exchange Is Expanding Into Europe

Related Posts

Germany

Sinti and Roma kids undergo discrimination – DW – EUROP INFO

Germany

Germany Has Granted Over Half a Million Work Visas within the Final 4 Years – Schengen.Information – EUROP INFO

Germany

Vestas unveils 376 MW of onshore orders in US, Germany, Italy – Renewables Now – EUROP INFO

ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
en English
ADVERTISEMENT

Highlights

Discover How Monaco 2 Revolutionizes Solo Heist Gaming! – EUROP INFO

Montenegro’s Perucica HPP Surpasses Expectations, Reaching 42% of Annual Target in Just Four Months! – EUROP INFO

The Economic Transformation of Montenegro and North Macedonia After NATO Membership – EUROP INFO

Norway’s Stunning New Electric SUV Boasting an Impressive 370-Mile Range! – EUROP INFO

Over 300,000 Voters Embrace Early Balloting! – EUROP INFO

Categories

Select Category

    Archives

    Select Month
      June 2024
      MTWTFSS
       12
      3456789
      10111213141516
      17181920212223
      24252627282930
          Jul »
      • Contact Us
      • Privacy Policy
      • Terms of Use
      • Cookie Privacy Policy
      • DMCA
      • California Consumer Privacy Act (CCPA)
      No Result
      View All Result
      • Home
      • Politics
      • News
      • Business
      • Culture
      • Sports
      • Lifestyle
      • Travel
      • Opinion

      © 2024 Love-Europe

      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version