Editor's choice
This is a members’ functionality. Please
Sign up
News
Trending
EU tariffs on China are not punishment, says German economy minister
22 June 2024
Proposed European Union tariffs on Chinese goods are not a "punishment", German Federal Minister for Economic Affairs and Climate Action Robert Habeck assured Chinese officials in Beijing on Saturday (22 June). The visit is the first by a senior European official since Brussels proposed significant tariffs on imports of Chinese-made electric vehicles (EVs) in response to what the EU sees as excessive subsidies. Ahead of Habeck's arrival, China warned that rising tensions over EVs could spark a trade war. "It is important to understand that these are not punitive tariffs," Habeck told the opening session of a dialogue on climate and transformation. He stressed that unlike the US, Brazil and Turkey, which have used punitive tariffs, the EU is taking a different approach.