Reported 7 months ago
Germany is working to prevent or reduce the impact of the European Union's proposed tariffs on Chinese electric vehicles, aiming for an amicable solution through talks with Beijing by early July. The German government, led by Chancellor Olaf Scholz, is concerned about potential disruptions to global trade. German Economy Minister Robert Habeck will travel to China to facilitate discussions. The EU's auto industry, particularly German carmakers, is at risk due to a significant portion of their sales coming from China. Chinese firms have also initiated an anti-dumping probe into EU pork imports, further escalating tensions.
Source: YAHOO