EU to Set EV Pricing Rules with China

China and EU reached EV export deal.
EU to set minimum pricing for Chinese auto exporters.
Dispute over Chinese subsidies (fleet orders, loans, land, tax breaks).
Imports from Tesla and BMW rose to $11.5B in 2023.
US imposed 100% tariff on EVs in 2024.
Deal leaves 2024 tariffs open but aligns with climate goals.
Supports rules-based trade and China-EU relations.

Economy | Trade | Climate

United States | China | European Union

6 days ago