China has softened its stance on tariff negotiations

China has softened its stance on negotiations on tariffs on electric cars and will allow manufacturers to negotiate with the EU individually. The turnaround came after Volkswagen obtained an exemption for the Cupra Tavascan model in exchange for a minimum price and sales quota. The European Commission has thus approved the first exemption since the measures were introduced in 2024, with agreements being assessed on a model-by-model basis. Beijing has called on other Chinese automakers to take advantage of the price commitment mechanism. reuters.com 🇬🇧

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