Source:https://www.scmp.com/news/china/diplomacy/article/3317099/china-eu-close-ev-tariff-deal-state-media-says-dismisses-trade-diversion-fears
ChinaDiplomacy

China, EU close to EV tariff deal, state media says, dismisses ‘trade diversion’ fears

‘Final step’ in resolving EV tariff dispute hinges on EU political will, CCTV says, as Xinhua calls diversion fears ‘grossly overstated’

Xinlu Liangin Beijing
A “price undertaking” mechanism agreed in April says Chinese EV makers can avoid tariffs by adhering to minimum export prices. Photo: VCG via Getty Images

China and the European Union have largely finalised the “technical” part of negotiations towards resolving their electric vehicle (EV) tariff dispute, with the deal now hinging on “political will” from the European side, according to Chinese state-affiliated media.

Yuyuan Tantian, a social media account linked to state broadcaster CCTV, reported on Friday night that the “technical negotiations” were essentially complete, with only the “final step” remaining. “The key now depends on whether the EU can demonstrate the necessary political will to push for a resolution of the issue,” it said.

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