Reported 8 months ago
On June 20, 2024, the European Union imposed temporary anti-subsidy tariffs on Chinese electric vehicles, set to take effect on July 4, possibly triggering retaliatory measures from China. German Vice Chancellor and Minister of Economic Affairs Habeck is visiting South Korea and China to address issues such as China's electric vehicle production capacity. While in China, Habeck will emphasize the importance of international fair competition based on WTO rules and seek solutions within WTO regulations. Both the German industry and business associations oppose punitive tariff policies and fear Chinese retaliation. The EU-China Chamber of Commerce report also highlights the negative impact of the investigation on Chinese companies operating in Europe. Despite the tensions, China remains committed to resolving the trade disputes through dialogue and negotiation.
Source: YAHOO