EU and China Explore Closer Trade Relations Amid US Tariff Challenges
In a time of escalating trade tensions due to US tariffs, the European Union and China are actively discussing the possibility of closer economic ties. The EU is considering measures such as minimum pricing for electric vehicles and the potential removal of tariffs on Chinese EVs to enhance trade relations. As both sides react to the ongoing trade war, with China facing significant tariff hikes, EU leaders are urging for negotiations to avoid further escalation. China and the EU have expressed a commitment to uphold a multilateral trading system and are poised to restart discussions on EV import duties. This collaboration may represent a strategic shift as Europe seeks to diversify its trade partnerships and mitigate impacts from the US-China tensions.
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