Africa Business News

The risk of soaring Chinese electric car prices in the EU could be easing after both sides agreed to negotiate a planned series of import taxes. Top officials from both regions spoke about the tariffs on a call and agreed to discuss them further, though frictions remain. The EU says Chinese EVs were unfairly subsidised by its government. In response, China accused the EU of protectionism and trade rule breaches. They said the two sides would continue to engage at all levels in the coming weeks. They said any negotiated outcome to the proposed tariffs must address the injurious subsidisation of Chinese EVs.