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EU Trade Commissioner Nominee: CN EV Min. Price Commitment Must Match Extra Tariff Effects
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Maros Sefcovic, nominated as the next EU Trade Commissioner, stated during a European Parliament nomination hearing that the agreement between China and the EU on the minimum prices for imported electric vehicles (EVs) must have the same effect and enforceability as the EU's additional tariffs. Even with a price floor measure, he emphasized that its impact must be equivalent to import tariffs and enforceable, which is critically important for the EU. The EU had announced last Wednesday (October 30) a maximum 45.3% tariff on imported Chinese EVs, but negotiations on using a minimum price commitment as a substitute for additional tariffs are still ongoing. AAStocks Financial News |
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