China considers reducing import tariffs on large-displacement cars in exchange for the EU's elimination of electric vehicle tariffs

China may reportedly reduce existing import tariffs on large-displacement vehicles in exchange for the EU's cancellation of plans to impose tariffs on Chinese electric vehicles. This move could have a positive impact on German automakers, as they account for nearly a third of their sales in the Chinese market. The plan slightly adjusts the tariffs for SAIC Motor and Geely Automobile to 37.6% and 19.9%, respectively. BYD's tariffs remain unchanged.