The EU and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-made EVs, at a time when additional tariffs are due to come into force next week.
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The EU and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-made EVs, at a time when additional tariffs are due to come into force next week.
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China's commerce ministry said it firmly opposes the EU's additional anti-subsidy tariffs on Chinese EVs, but notes the EU's political will to continue to resolve the issue through negotiations.
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EU member states voted in favor of imposing tariffs on EVs imported from China, making higher rates a five-year policy.
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The software ban would go into effect for Model Year 2027, and the hardware ban would take effect for Model Year 2030, or January 1, 2029 for units without a model year.
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CAAM has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period.
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The vote will pave the way for additional tariffs starting in November unless a qualified majority votes against it.
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The US government locked in sharp hikes in tariffs on Chinese imports on Friday, including a 100 percent tariff on EVs, according to Reuters.
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China's Commerce Minister Wang Wentao will visit Europe in recent days and on September 19 will talk with EU trade chief Dombrovskis on the EU's anti-subsidy investigation case against Chinese EVs.
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China has strongly advised its automakers to ensure that advanced EV technology stays at home and encouraged them to export knock-down kits to foreign factories for final assembly, according to Bloomberg.
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The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg.
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