China and the EU agree on steps to resolve their dispute over EV imports

China and the European Union say they have agreed on steps toward resolving their dispute over the bloc’s imports of Chinese-made electric vehicles. A statement by China’s Commerce Ministry said the EU would issue guidelines on minimum pricing for Chinese auto exporters. The EU then did so. However, it was unclear if the deal involves an end to the tariffs of up to 35.3% that the EU has imposed on imports of Chinese EVs. The expansion of Chinese EV makers in global markets has alarmed automakers in Europe and the U.S. The EU imposed the tariffs after concluding that Chinese automakers had benefited from unfair government subsidies.