Germany presses UK to match EU tariffs on Chinese EVs in exchange for Made in Europe opt-out
Berlin is conditioning a 'Made in Europe' exemption for the UK on London raising tariffs on Chinese electric vehicles to align with EU levels. This marks a shift in Germany's stance, previously more cautious on China tariffs, and could complicate UK-EU trade relations while escalating the EU-China EV trade dispute.
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EU-China Trade Defense: De-escalation on EVs, Rare Earths; Supply Chain Diversification
EU and Chinese officials have reached an 'understanding' on electric vehicle (EV) exports and made concessions on rare earths and tariffs, averting an immediate trade war. This de-escalation follows high-stakes talks in Beijing aimed at addressing a significant EU trade deficit and protecting European industries. While specific details and enforcement mechanisms remain unclear, the immediate risk of tit-for-tat tariffs has been reduced.