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Chinese Commerce Minister Wang Wentao announced that China and the European Union have achieved a 'soft landing' regarding the contentious import tariffs on Chinese-made electric vehicles (EVs). The statement followed a strategic meeting with the head of a German automotive industry group, signaling a pivot toward a negotiated settlement rather than a full-scale trade war. This diplomatic de-escalation aims to mitigate geopolitical risks that have recently clouded the outlook for the global clean energy sector. By opting for dialogue over retaliatory measures, both regions are working to stabilize supply chains and protect major manufacturers with significant cross-border exposure. Analysts suggest that this development reduces immediate uncertainty for European auto giants heavily invested in the Chinese market. The move is viewed as a pragmatic step to safeguard economic interests amid broader global trade complexities.
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