Brussels going ahead with tariffs on EV's

The European Commission is moving forward with tariffs on battery-electric cars imported from China to compensate for Beijing's subsidies to its producers, after an unsuccessful meeting between the economic vice-president of the EU executive, Valdis Dombrovskis, and the Asian giant's trade minister, Wang Wentao'

"The two parties agreed to intensify efforts to find an effective, applicable and WTO-compatible solution in the case of electric cars," Dombrovskis said in a brief statement released on social networks.

The EU negotiator has made it clear in his statement that the will to reach an agreement occurs "without prejudice to the European Union's investigation and its deadlines".

EU sources point out in this regard that during the meeting Dombrovskis defended before Wang the investigation based "strictly on facts and evidence" that has allowed Brussels to impose temporary tariffs to compensate for illegal subsidies and guarantee "fair competition" in the internal market and that all producers compete on an equal footing.

Full story Brussels is going ahead with tariffs on electric cars after ending without an agreement with Beijing. (mundopetroleo.com)