EU Lowers Proposed Tariffs on Chinese EVs Ahead of Trade Talks

The European Union has slightly lowered its proposed tariffs on imports of China-made electric vehicles in the EU, as the bloc and China have agreed to hold consultations on the tariff spat. The EU adjusted some of the planned import tariffs – which will come on top of an existing 10% duty – after receiving move information from Chinese EV makers subject to the ongoing EU anti-subsidy probe, an anonymous source with knowledge of the matter told Bloomberg. Earlier this month, the European Commission announced provisional…