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D-Day looms for China’s exporters as EU moves towards October 4 vote on EV tariffs
October 4 is a date that cannot come soon enough for European Union bureaucrats, but one the Chinese government desperately wants to avert.
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This coming Friday, the EU’s 27 member states are slated to hold a crucial vote on whether to sign punitive tariffs of up to 35.3 per cent on Chinese-made electric vehicles into law for five years.
As Beijing looks to strike a deal that would nix the duties, talks with the European Commission will continue right up to the last minute.
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Martin Lukas, the commission’s director of trade defence, broke away from “almost daily” technical negotiations to brief European Parliament lawmakers during a hearing on Monday.
China EVs hit with EU tariff hike
Chinese companies have made multiple offers to set minimum prices for EV imports, Lukas explained.