Europe Signals a Truce in Its Electric Vehicle Trade War With China

China and the EU took a significant step Monday toward easing their long-running electric vehicle trade dispute after Brussels released rules that could allow Chinese exporters to replace punitive tariffs with negotiated pricing commitments, according to the South China Morning Post. The European Commission said companies may submit price undertakings that must be “adequate to eliminate the injurious effects of the subsidies and provide equivalent effect to duties”. Exporters are encouraged to include shipment limits and future EU investments,…