The Latest Breaking News from Valdis Dombrovskis

China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps.

Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.

Last week, the EU threatened Chinese electric vehicle (EV) manufacturers with tariffs of up to 38%, effective from July 4.

European Union states on Thursday agreed to hike tariffs on grain imports from Russia and Belarus in a bid to cut off revenues to Moscow for its war on Ukraine.

The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.

Despite talks between the European Union and Australia for a free trade deal falling over, the Albanese government is willing to head back to the drawing board.

The United States and the European Union remain far from resolving a gridlock on their trade in metals, even as both sides agreed to extend a truce this week ahead of a year-end deadline.

The bloc welcomed the opportunity of the four-day window; also says development aid is not being stolen by Hamas.