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China and the EU have reached a "soft landing" in their dispute over EU tariffs on Chinese-made electric vehicles, China'scommerce minister said.
China and the EU have reached a 'soft landing' in their electric vehicle tariff dispute.
KEY POINTS
- Volkswagen's Cupra Tavascan SUV was exempted from EU tariffs via a minimum price and quota deal.
- This is the first time the European Commission approved a China-made EV's exemption based on such terms.
- China urged the EU to amend 'inappropriate provisions' and respect WTO rules in future trade measures.
COMPANIES
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