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China, EU are open to talks on plans to hike tariffs on Chinese EVs [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
China's Commerce Ministry and Germany's economy minister said over the weekend that each side was willing to hold talks on the issue. Meanwhile, Chinese state media said Monday that Beijing is pushing for the EU to give up plans to sharply raise tariffs on imports of Chinese-made electric vehicles by July 4. Escalating a trade dispute over Beijing's subsidies that Brussels worries are hurting European automakers, the EU plans to impose provisional tariffs of 17.4% to 38.1% on EVs from China for four months starting on July 4. That's on top of the 10% dutues for all imported EVs. They would apply to vehicles exported to Europe by both Chinese and foreign brands, including Tesla. The European Commission, the EU's executive arm, said preliminary results from an investigation into Chinese EV subsidies showed the country's battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. ADVERTISEMENT Commerce Minister Wang Wentao held a video confe
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