European Commission rejects Chinese EV price floor offer as tariff vote looms

Several Chinese exporters submitted offers for “price undertakings”, which were deemed to be incompatible with World Trade Organization and European Union rules, commission trade spokesman Olof Gill confirmed on Thursday.

“Our review focused on whether the offers would eliminate the injurious effects of subsidies and could be effectively monitored and enforced. The commission has concluded that none of the offers met these requirements,” Gill said at a media briefing in Brussels.

“The commission remains open to a negotiated solution, but it must fully comply with WTO rules and fully remedy the injurious effects of subsidies identified,” he said, adding that the ball was now in Beijing’s court to propose a counter offer that would tick those boxes.