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EU tariffs on China not a 'punishment', says German economy minister

From channelnewsasia.com

Proposed European Union tariffs on Chinese goods are not a "punishment", Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday (Jun 22). Habeck's visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers excessive subsidies. China warned on Friday ahead of his arrival that escalating frictions with the EU over EVs could trigger a trade war. "It is important to understand that these are not punitive tariffs," Habeck said in the first plenary session of a climate ... (full story)

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  • Category: Fundamental Analysis