EU, China Face Hurdles in Clinching EV Deal Before Tariffs Start
- The EU boosts tariffs on China-made EVs at the end of October
- Beijing has threatened to retaliate against EU cognac, cars
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Trade negotiations between the European Union and China have been plagued by major disagreements, with planned tariffs on Chinese-made electric vehicles likely to kick in at the end of the month.
The EU and China have pledged to work toward an alternative agreement that would avoid the need for levies after EU member states agreed earlier this month to adopt levies as high as 45% on EVs made in China. Chinese negotiators left Brussels last week after eight rounds of talks ended without a deal.