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MNI: EU To Maintain Piecemeal De-Escalation On China Trade

EU set to continue trade de-escalation with China rather than actively seek out solutions

MNI (BRUSSELS) - China’s low-key response to the EU’s slight concession on tariffs recently imposed on China-made electronic vehicles (EVs) suggests that trade relations between the two have entered stand-off mode with negotiations on a more permanent solution sidelined until after the US election in November, Brussels-based officials told MNI.

The comments follow the announcement by Beijing of an anti-subsidy investigation into EU dairy exports to China after Brussel’s decision to largely maintain its tariffs on Chinese EVs with a slight downward tweak for cooperative Chinese car firms. (See BRIEF: EC Makes Slight Cuts In China EV Tariff Proposals)

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MNI (BRUSSELS) - China’s low-key response to the EU’s slight concession on tariffs recently imposed on China-made electronic vehicles (EVs) suggests that trade relations between the two have entered stand-off mode with negotiations on a more permanent solution sidelined until after the US election in November, Brussels-based officials told MNI.

The comments follow the announcement by Beijing of an anti-subsidy investigation into EU dairy exports to China after Brussel’s decision to largely maintain its tariffs on Chinese EVs with a slight downward tweak for cooperative Chinese car firms. (See BRIEF: EC Makes Slight Cuts In China EV Tariff Proposals)

Keep reading...Show less