The European Commission formally rejected all proposals from Chinese electric vehicle manufacturers for minimum import prices into the European Union as a way to prevent provisional countervailing tariffs.
"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," a Commission spokesperson added. "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."
The Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty. Moreover, the US also imposed higher tariffs on Chinese goods, including electric vehicles.
