European Union Sends Representatives To China To Negotiate Electric Car Tariffs

The Power Swap Station (PSS) was officially opened at Viernheim Germany by Chinese manufacturer Nio on October 31, this is the 57th PSS in Europe, and 19th in Germany. (Doc. Nio Global)

JAKARTA - The European Union is facing their biggest trade dispute with China in the past decade. The source of the problem is that the European Union (EU) will impose a high tariff on electric vehicles (EVs) made in China. The rate reaches 45 percent.

China's Ministry of Trade on Friday, November 1, confirmed that the European Union would send representatives to the country to negotiate a price commitment in the electric car tariff dispute.

In a statement, reported by Reuters on November 2, the ministry said that the European Union indicated it would come to China to resume consultations on specifics from its pricing commitment proposal after intensive communications.

"China welcomes this and hopes that the next round of consultations will be carried out in accordance with the principles of pragmatism and balance, with the aim of achieving mutually beneficial solutions," the statement added.

These negotiations are the latest developments in trade disputes between China and the European Union over electric car rates. The two sides have been involved in the dispute for some time, with each side charging additional tariffs on imports of electric cars from other countries.

The two sides are expected to reach an agreement that could reduce trade tensions and ensure smooth electric car trade between them.