Reported 7 months ago
The German government spokesperson stated on Friday that Germany hopes China will 'take action' on the electric car tariff issue and aims for negotiations in the coming weeks to avoid escalating trade conflicts. With the EU threatening strict anti-subsidy tariffs to protect European car manufacturers, Germany is pursuing a 'friendly' solution led by Chancellor Scholz's government. German automakers strongly oppose punitive tariffs on Chinese electric cars and fear retaliation that could harm their business in the significant Chinese market. Germany emphasizes the need for fair trade conditions and is actively engaging in discussions with China to prevent punitive tariffs or at least mitigate their impact, amid growing trade tensions in Europe.
Source: YAHOO