China wants EU to scrap EV tariffs on EVs by July 4, Chinese state media reports

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Trade Talks,European Union,Electric Vehicles

Beijing wants the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China's state-controlled Global Times reported...

BEIJING - Beijing wants the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China's state-controlled Global Times reported, after an agreement by both sides to hold new trade talks.

China has repeatedly called on the EU to cancel its tariffs, expressing a willingness to negotiate. Beijing does not want to be embroiled in another tariff war, still stung by U.S. tariffs on its goods imposed by the Trump administration, but says it would take all steps to protect Chinese firms should one happen.

The EU's increasingly protectionist moves will trigger countermeasures from China, and an escalation in trade frictions would only lead to "lose-lose" results for both sides, the newspaper said.China has rejected the accusations of unfair subsidies, saying the development of China's EV industry has been the result of advantages in technology, market and industry supply chains.

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