Chinese and EU authorities have agreed to resume talks on duties on electric cars, the Chinese Ministry of Commerce said at a press conference. The talks will resume as soon as possible to create favorable conditions for investment and cooperation between Chinese and European companies, the ministry said.
US President Donald Trump announced the day before that he would impose additional 34 percent duties on goods from China and 20 percent duties on EU shipments. Earlier, he also imposed 25% duties on all car imports. In turn, the EU imposed higher duties on Chinese electric cars last year, including 17 percent for BYD, 18.8 percent for Geely and 35.3 percent for SAIC.
In January, the three companies went to the Court of Justice of the European Union to appeal the new duties. Last November, Beijing and Brussels discussed the possibility of replacing duties for China with an obligation to sell electric cars at a minimum price.
