EU Rejects Chinese EV Pricing Proposal Amidst Trade Tensions

The European Commission has rejected a Chinese government proposal to set minimum prices for imported electric vehicles sold in Europe to avoid upcoming tariffs. This comes amidst ongoing negotiations in the EU's largest trade dispute with China in a decade regarding anti-subsidy investigation and pricing transparency.

The European Commission has dismissed a proposal from the Chinese government to set a minimum price of 30,000 euros for imported electric vehicles made in China. This rejection comes as part of an anti-subsidy investigation that has escalated into the biggest trade dispute between Beijing and the EU in a decade.

Confidential negotiation compromises have surfaced, with the Commission emphasizing that the issue extends beyond vehicle pricing and includes subsidies received by Chinese carmakers. Despite Chinese EV makers offering prices above the 30,000-euro mark in Europe, the Commission remains firm on imposing tariffs unless a new plan is negotiated.

With time running out, tariffs of up to 45% are set to be imposed by October 31 unless a mutual agreement is reached. China has responded by imposing anti-dumping measures on EU brandy imports, further complicating trade relations. Negotiations continue as both sides explore alternative pricing arrangements.

(With inputs from agencies.)