The European Union may cancel the anti-subsidy duty on the production of electric vehicles in China

On April 12, local time on April 10, a spokesperson for the European Union Commission said that the European Union and China have agreed to study setting a minimum price for Chinese-made electric vehicles in order to eliminate the tariffs imposed by the European Union in 2024. The European Union spokesperson said that European Union Trade Commissioner Sefcovic had spoken with Chinese Commerce Minister Wang Wentao in the past 24 hours, and the two sides agreed to study setting a minimum price. The trade strategy of "setting a minimum price" aims to "maintain the fairness of the European market while creating space for legal trade." Compared with the countervailing duties implemented last year, this price control method is more flexible and operable.