Germany Believes EU’s Tariff Imposition On China’s EV Is Worst Approach

China said it stands ready for dialogue and consultations on electric vehicles (EVs) if the European Union (EU) is willing to sit down at the negotiating table Commerce Minister Wang Wentao said Saturday.

Wang made the remarks during a meeting with German Vice Chancellor Robert Habeck, the Ministry of Commerce said in a press release.

“China is willing to consider both parties’ reasonable concerns to avoid the escalation of trade frictions in a rational and professional manner,” Wang said.

It hopes that Germany will play a positive role in the EU, prompting the European side to meet halfway, he told Habeck, who is also the Minister for Economic Affairs and Climate Action.

China is also ready to lodge its case under the World Trade Organisation dispute settlement mechanism, to defend its legitimate rights and interests if negotiations falter.

Noting that Germany and China are supporters and beneficiaries of globalisation, Habeck said the German government is deeply concerned about the EU’s anti-subsidy investigation into Chinese EVs, which will negatively impact Europe’s green transition and consumer interests.

Habeck believes that imposing tariffs is the worst approach as it could lead to a vicious spiral of trade friction escalations, stressing that dialogue and consultations are the only way to solve problems.

Previous articleS P Setia Appoints Shearn Delamore’s Datin Grace Yeoh As Director
Next articleMinistry Escalating New Diesel Subsidy Requests To Cabinet


Please enter your comment!
Please enter your name here