Chinese 100, 50, 20, 10 and 5 yuan bills and Russian 1,000 and 100 ruble bills - Sputnik International, 1920
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EU Aims to Resolve Electric Vehicle Trade Dispute With China Through New Agreement

© AP Photo / Ng Han GuanModels pose near the latest offering from Chinese automaker BYD during the Auto Shanghai 2023 show in Shanghai, Wednesday, April 19, 2023
Models pose near the latest offering from Chinese automaker BYD during the Auto Shanghai 2023 show in Shanghai, Wednesday, April 19, 2023 - Sputnik International, 1920, 23.11.2024
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MOSCOW (Sputnik) - The European Union and China are close to concluding an agreement to eliminate tariffs on imports of Chinese electric vehicles to Europe, Bernd Lange, the chair of the European Parliament's Committee on International Trade, said on Friday.
"We are continuing negotiations with the Chinese side on electric vehicles. We are close to a decision with China to cancel the duties. We are close to an agreement: China can commit to offering electric vehicles in the EU at least at the minimum price. This would solve the problem of distorting competition through unfair subsidies, which is why duties were initially introduced," Lange told German broadcaster NTV.
The official also said that he does not share Germany's concerns about possible Chinese retaliatory measures.
A man talks on his phone near an electric car from Chinese automaker HiPhi at a showroom in Beijing, Thursday, April 13, 2023. Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that has become a workshop for developing electrics, self-driving cars and other technology. - Sputnik International, 1920, 16.11.2024
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China Calls on Canada to Lift Increased Duties on Chinese EV Cars
The European Commission approved additional duties of up to 35.3% on electric car imports from China in late October, citing what it referred to as unfair Chinese subsidies. China warned that the move could provoke a trade war. It retaliated by imposing provisional anti-dumping measures against brandy imports from the EU.
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