tradewar
China and the EU have agreed to hold talks over proposed tariffs that will target Chinese-made electric vehicles on the European market. The announcement came after a call on Saturday between EU Commissioner Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao. "This is new and surprising in that it has not been possible to enter into a concrete negotiation timetable in the last few weeks," said Germany’s vice-chancellor and Minister for Economic Affairs and Climate Action, Robert Habeck. At the time of the breakthrough, Habeck was on a three-day diplomatic visit to China. "We are far ...
Euronews (English)
China has decried an EU decision to hike tariffs on Chinese electric vehicles as "a blatant act of protectionism". The European Commission, the EU's executive arm, said that starting from early July, it would impose provisional tariffs that would slap Chinese automakers with additional duties as high as 38%, up from the current level of 10%, if talks with China do not lead to an effective solution. Chinese Ministry of Commerce spokesperson He Yadong blasted the move on Thursday. “It will not only damage the legitimate rights and interests of China's electric vehicle industry, disrupt the mutua...
Euronews (English)
China has launched an "anti-dumping" investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries. Polyoxymethylene copolymer, a plastic widely used in electronics and cars, is being sold at an unfairly low cost in China, therefore causing damage to domestic companies, said China's Ministry of Commerce. The investigation will focus on imports from the US, the EU, Taiwan and Japan, and could take up to 18 months to complete. Scholz’s visit to China: Balancing distance and diplomacy EU launches probe into Chinese solar p...
Euronews (English)
The German chancellor Olaf Scholz held talks with the Chinese President Xi Jinping this week, as well as holding discussions with business leaders across China. The trip marked Scholz’s second visit to the Asian nation since he became Chancellor, and the first since Germany unveiled its "China strategy". The tough-worded policy, which focuses on reducing Berlin’s reliance on Beijing, was branded a "miscalculation" by Chinese officials last year. As the leader of Germany’s biggest trading partner, Xi Jinping has frequently stressed the benefits of friendly relations. During Scholz’s recent bila...
Euronews (English)
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