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Looks like Trump has pushed the EU closer to China [View all]
EU, China will look into setting minimum prices on electric vehicles, EU saysBERLIN (Reuters) - The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday.
German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun.
EU trade commissioner Maros Sefcovic spoke with Chinese Commerce Minister Wang Wentao in the last 24 hours and both sides agreed to look into setting minimum prices, the EU spokesperson said.
China's Commerce Ministry said in a statement that negotiations were set to start immediately.
Sefcovic has previously said any minimum prices would need to be as effective and enforceable as the EU tariffs.
German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun.
EU trade commissioner Maros Sefcovic spoke with Chinese Commerce Minister Wang Wentao in the last 24 hours and both sides agreed to look into setting minimum prices, the EU spokesperson said.
China's Commerce Ministry said in a statement that negotiations were set to start immediately.
Sefcovic has previously said any minimum prices would need to be as effective and enforceable as the EU tariffs.
https://finance.yahoo.com/news/eu-china-start-talks-lifting-173917695.html
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