China’s commerce minister, Wang Wentao, stated on Wednesday that Beijing will continue to negotiate "until the last minute" regarding the European Union's (EU) investigation into electric vehicle (EV) subsidies, which is seen as a threat to Chinese investments in Europe.
Speaking at a China-Europe EVs event in Brussels, where top executives from both Chinese and European EV industries gathered, Wang emphasized the need to resolve the anti-subsidy case that has raised tensions between the two sides. The meeting comes ahead of Wang's scheduled talks with European Commission trade commissioner Valdis Dombrovskis on Thursday to address escalating trade concerns.
The European Commission is set to propose tariffs of up to 35.3% on Chinese-built EVs, in addition to the EU’s standard 10% import duty on cars. The final decision on these tariffs will be made after a vote by the EU’s 27 members on September 25. The tariffs could take effect by the end of October unless a qualified majority of 15 member states, representing 65% of the EU population, opposes the levies.
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