Tensions between China and the European Union have escalated following the European Commission’s proposal of tariffs reaching up to 38.1% on Chinese electric vehicles (EVs). China’s Commerce Ministry has issued a stark warning, indicating that the growing friction could escalate into a full-scale trade war. According to the Commerce Ministry, the responsibility for the escalating situation lies squarely with the EU side.
German Economy Minister Robert Habeck is scheduled to arrive in Beijing imminently in an effort to prevent potential retaliatory tariffs from China, which could have adverse effects on German businesses. The developments underscore the fragile state of international trade relations, with both sides maneuvering to mitigate economic impacts while asserting their respective trade policies.
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China’s Commerce Ministry has issued a stark warning, indicating that the growing friction could escalate into a full-scale trade war. “The responsibility for this escalation lies squarely with the EU side,” remarked a spokesperson from China’s Commerce Ministry.
German Economy Minister Robert Habeck is scheduled to arrive in Beijing imminently in an effort to prevent potential retaliatory tariffs from China, which could have adverse effects on German businesses.
The proposed tariffs by the European Commission are seen as a response to concerns over fair trade practices and environmental standards, particularly in the rapidly growing EV sector.
These developments underscore the fragile state of international trade relations, with both sides maneuvering to mitigate economic impacts while asserting their respective trade policies.
