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China commerce minister says reached 'soft landing' with EU over EV tariffs

Tax & TariffsTrade Policy & Supply ChainAutomotive & EV

China and the EU have "reached a soft landing" on the bloc's import tariffs on electric vehicles, according to Chinese Commerce Minister Wang Wentao. The comment suggests easing trade tensions around EV tariffs, which is modestly supportive for automakers and cross-border auto supply chains. The article does not provide details on tariff changes, timing, or economic magnitude.

Analysis

China and the EU have "reached a soft landing" on the bloc's import tariffs on electric vehicles, according to Chinese Commerce Minister Wang Wentao. The comment suggests easing trade tensions around EV tariffs, which is modestly supportive for automakers and cross-border auto supply chains. The article does not provide details on tariff changes, timing, or economic magnitude.

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