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- cross-posted to:
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The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday.
Tariffs and minimum prices are both paid by the European consumers. Tariffs would go to the EU, minimum prices go to China.
Yeah, but if the tariffs would have stayed in place, we would have potentially caused a trade war with China, isolating us against the US and Russia.
If the minimum prices would have not been set, we would have lost additional industrial capacity, and while I loathe VW and BMW leadership, I feel for their workers.
Yes, some EVs will be more expensive, but compared to those other outcomes, it only affects people buying new cars.