WASHINGTON—As President Donald Trump reshapes the United States’ posture on trade, other global players may be opening up new frontiers with each other.
The German newspaper Handelsblatt reports that European Union tariffs on China’s electric vehicles could soon be eliminated as an outcome of new negotiations between the two.
Wang Wentao, China’s minister of commerce, spoke with EU Trade Commissioner Maros Sefcovic in late March during Sefcovic’s trip to Beijing.
The European Commission’s summary of Sefcovic’s talks with Chinese officials, which also included meetings with a vice premier and the customs minister, states that they touched on “investments in [the] electric vehicles supply chain.”
Chinese electric vehicle exports to Europe have surged in recent years.
Under President Joe Biden, the United States established a 100 percent tariff on Chinese electric vehicles.
The German media outlet Handelsblatt reported on April 10 that the March meetings between Wang and Sefcovic opened negotiations over ending the EU’s electric vehicle tariffs.
The news comes days after an April 7 phone call between Chinese Premier Li Qiang and EU leader Ursula von der Leyen.
On her call with Qiang, von der Leyen “recalled the urgency for structural solutions to rebalance the bilateral trade relationship and ensure better access for European businesses, products and services to the Chinese market,” according to the summary.
“If negotiations are not satisfactory, our countermeasures will kick in,” she said.
That pause will last 90 days as well.