Germany Calls for Political Solution on EV Tariffs
Germany Calls for Political Solution on EV Tariffs
Germany Calls for Political Solution on EV Tariffs
News summary

German Economy Minister Robert Habeck is advocating for a political resolution to the escalating dispute between the European Union and China regarding tariffs on electric vehicles (EVs). Following a meeting with Chinese Commerce Minister Wang Wentao, Habeck stressed the need to avoid a trade conflict that could harm both parties, noting that the EU plans to impose tariffs up to 37.6% on Chinese EVs starting September 25. He emphasized that while Germany supports fair competition, it does not shy away from it. The European Commission's decision to introduce tariffs stems from findings that Chinese manufacturers benefit from substantial subsidies, allowing them to undercut European prices significantly. Germany's initial abstention in an advisory vote indicates a desire to navigate this situation carefully, as retaliation from China could impact multiple industries. As tensions rise, both sides are urged to engage in dialogue to prevent further economic fallout.

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