European Union and Chinese officials are discussing alternatives to European tariffs on Chinese electric vehicles (EV), including minimum prices at which such cars could be sold in Europe, but no solution is imminent,

This is sort of a good thing for the reputation of Chinese-made cars in Europe over the long term,” said Paul Gong, head of China auto research at UBS.

To address the subsidies, the European Union last month raised tariffs on Chinese-built EVs to as much as 45.3% in its highest-profile trade investigation, a move that has divided Europe and triggered retaliation from Beijing.

Brussels and Beijing might come to an agreement after all, with Chinese carmakers ready to offer their electric cars in Europe for a minimum price. If both sides are on the page, the EU's special tariffs,

Shares of U.S. and European automakers dropped on Tuesday after President-elect Donald Trump pledged steep tariffs on Canada, Mexico and China, threatening the industry's tightly knit supply chains and raising investor concerns of higher costs.

The European Union has only seen limited progress in recent weeks in negotiations with China over a comprehensive deal to replace tariffs on electric vehicles, according to people familiar with the matter.

To address the subsidies, the European Union last month raised tariffs on Chinese-built EVs to as much as 45.3% in its highest-profile trade investigation