Bloc’s acceptance of a narrow review process from a manufacturer may give others hope that tariffs could be reduced or removed.

The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its countervailing duties with a managed price system in a move that would effectively equalise the impact of the tariffs. While the commission is not reopening its…

From China - South China Morning Post via This RSS Feed.