China, EU are open to talks on plans to hike tariffs on Chinese EVs

News Snapshot:

BANGKOK (AP) — China and the European Union are open to holding talks on the EU’s recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles, officials from both sides say. China’s Commerce Ministry and Germany’s economy minister said over the weekend that each side was willing to hold talks on the issue. Meanwhile, Chinese state media said Monday that Beijing is pushing for the EU to give up plans to sharply raise tariffs on imports of Chinese-made electric vehicles by July 4. Escalating a trade dispute over Beijing’s subsidies that Brussels worries are hurting European automakers, the...