Both China and the EU have been targets of President Donald Trump’s broad-brush global tariff regime, and have pivoted to each other for more predictable trade partern.
Once mistrusting foes, China and the European Union are exploring swapping the EU’s tariffs in favor minimum retail prices on Chinese cars as the knock-on effects of the US trade war continue.
Implemented only last year, the EU’s tariffs could be on the way out already after EU Trade Commissioner Maros Sefcovic spoke with China’s Commerce Minister Wang Wentao this week.
Both China and the EU have been targets of President Donald Trump’s broad-brush global tariff regime, and have pivoted to each other for more predictable trade parternships.
The negotiations to set a floor price for Chinese cars in Europe will begin immediately, according to the Chinese Commerce Ministry, while Sefcovic has cautioned that the minimum price idea would only be implemented if it could be enforced as easily as a tariff.
