China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel told AFP Friday, warning of the dangers of the dispute escalating into a full-blown trade war. The European Council president met Chinese Premier Li Qiang on the margins of a Southeast Asian summit in Laos as Beijing and…
BEIJING — China’s anti-dumping measures against brandies imported from the European Union are “legitimate trade remedy measures,” the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric…
Cars are seen lined up at the vehicle terminal at the Bremerhaven container port. The automotive sector in Europe is facing a crisis. Instead of rapidly expanding, the market for electric vehicles (EVs) is stagnating, undermining the European Union’s ambitious targets to end sales of new diesel and petrol cars by 2035. Ingo Wagner/dpa China…
London — The European Union is bracing for retaliation from China after the bloc voted last week to impose tariffs on the import of Chinese electric vehicles, or EVs, amid speculation that Beijing could seek to target individual European countries that voted for the measures. The EU is divided on the issue, with 10 member…
By Philip Blenkinsop BRUSSELS (Reuters) – German Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. Germany was one of only five EU members to reject tariffs after months of pressure from…
FRANKFURT (Reuters) – The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. “Instead of punitive tariffs this should be about mutually giving credit for investments. Those who invest, create jobs and work with local companies should benefit…
(Bloomberg) — The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies. Most Read from Bloomberg The EU voted on Friday to boost tariffs as high as 45%, arguing that…
The EU’s policy towards China threatens to provoke an economic standoff with this country, Hungarian Prime Minister Viktor Orban said, News.az reports citing Interfax . “What the EU is forcing us to do or wants us to do is an economic cold war,” Western media quote Orban as saying, His statements came shortly before EU…
Vienna — The European Union is set to vote Friday on a massive tariff increase on Chinese electric vehicles that Germany fears could spark a trade war with Beijing. Reuters reported Wednesday that the measure already has enough votes to pass, with support from France, Greece, Italy and Poland, whose populations make up 39% of…
The European Union must defend itself against the challenges from China and the United States without resorting to protectionism, former Italian prime minister Mario Draghi said Monday. EU must tackle China, US threats without being protectionist: Draghi Draghi, also the former head of the European Central Bank, delivered the strong message just weeks after warning…