EU and China in talks on electric cars - Consider setting minimum prices and eliminating tariffs
The European Union and China have agreed to consider setting minimum prices for electric vehicles made in China, instead of tariffs imposed by the EU last year, a European Commission spokesman said.
EU Trade Commissioner Maros Sefcovic spoke with his Chinese counterpart in the past 24 hours and both sides agreed to explore setting minimum prices, an EU spokesman said. Sefcovic has previously said that any minimum price would have to be as effective and enforceable as EU tariffs.
Previous minimum price agreements agreed by the EU have been for homogeneous goods, rather than complex products like cars.
The Commission has said that a single minimum price would not be adequate to counter the harm caused by subsidies. The EU raised tariffs on electric vehicles made in China to 45.3% last October, but Brussels and Beijing have floated the idea of removing the tariffs through possible minimum price commitments.
The European Commission has said it is ready to continue negotiations on an alternative to the tariffs with China, which included duties of 17% on vehicles made by BYD, 18.8% for Geely and 35.3% for SAIC, in addition to the EU's standard car import tax of 10%.
The discussions to potentially find a truce over the long-running dispute, which has also troubled French cognac producers as Beijing took retaliatory trade action, come after White House President Donald Trump launched the trade war.
Beijing imposed punitive tariffs on French cognac last year, hurting sales in the world's No. 2 economy and a major market for global companies.
The German automotive industry association VDA welcomed the talks between the EU and China, calling the duties a "mistake" and calling for a negotiated solution.
Around 1.3 billion euro payments with AIPS - BoA: In the first quarter, 20% more transactions through this system
The first three months of 2025 have been quite positive for the AIPS EURO system, with a significantly higher number and value of transfers than in......
Fewer illegal constructions in 2024 - 1130 illegal buildings were officially verified across the country
Last year, 1,130 illegal constructions were officially detected across the country. According to the report of the General Prosecutor's Office, this figure......
Auto tariffs "punish" Americans - US manufacturers' costs will increase by $108 billion
A new analysis from the Center for Automotive Research has found that President Donald Trump's 25% tariffs on vehicles, imposed in early April, will increase......
What are the financial aids for enterprises? - From supporting women entrepreneurs to innovation. The schemes will be implemented during 2025
The document authorizing the state aid "Fund for Micro, Small and Medium-sized Enterprises for 2025" has been published in the Official Gazette. The purpose......
Tariffs "slow" China's economic growth - Goldman Sachs lowers forecast for 2025-2026
US investment bank Goldman Sachs lowered its forecasts for China's Gross Domestic Product growth to 4% in 2025 and 3.5% in 2026, from 4.5% and 4.0%......
Tourism, where do we get our main products? From straw to boats. Albania, in the "hands" of Italy and China
The tourist season is rapidly approaching and Albania is preparing to be supplied with various goods and services that are essential for this period. “Scan......
Energy from photovoltaic parks/ Balluku: We aim to return to an exporting country!
Deputy Prime Minister and Minister of Infrastructure and Energy Belinda Balluku informed today that 10% of the total energy in the country is produced by......
Digitalization of small and medium-sized businesses - EBRD and EU finance 377 million euros in the Western Balkans
Small and medium-sized enterprises (SMEs) across the Western Balkans region will benefit from new financing opportunities made available through the Western......
