The European Union issued on Monday a guidance document on a minimum pricing mechanism for Chinese electric vehicles in a move that China welcomed as a “soft landing” on the controversial EU tariffs on China-made battery EVs. At the end of 2024, the European Commission received enough support from the EU member states to impose tariffs ranging from 7.8% to 35.3% on imports of electric vehicles from China due to unfair subsidizing. The EU tariffs, in force since July 2024, have led to a reaction in China, which opened…