EU not close to deal on Chinese EV tariffs, media reports

Bernd Lange, chairman of the European Parliament's trade committee, told German broadcaster n-tv that an agreement between the European Union and China to replace the tariffs on Chinese electric vehicle (EV) imports with something else was close.

The EU’s additional tariffs on Chinese-built EVs became effective on October 30. (Source: SAIC)

However, thereafter EU officials denied by saying that the bloc and Chinese officials are discussing alternatives to European tariffs on Chinese EVs, including minimum prices at which such cars could be sold in Europe, but no solution is imminent, according to Reuters.

Reuters reported that EU officials, who asked not to be named, said while the talks were continuing, there were still stumbling blocks that prevented a deal.

In October, the EU decided to raise tariffs on Chinese-built EVs to as much as 45.3%. The tariffs became effective on October 30.

Read more: EU gives green light to extra tariffs on Chinese EVs