Economic news

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

2024.06.21 23:31

BEIJING (Reuters) – Proposed European Union tariffs on Chinese goods are not a “punishment”, Germany’s Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday.

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.

© Reuters. German Vice Chancellor and Economy Minister Robert Habeck shakes hands with National Development and Reform Commission (NDRC) Chairman Zheng Shanjie before a meeting in Beijing, China June 22, 2024. REUTERS/Maria Martinez

Meeting Zheng Shanjie, chairman of China’s National Development and Reform Commission, Habeck said the proposed EU tariffs were intended to level the playing field with China.

“We will do everything to protect Chinese companies,” Zheng replied.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,988.77 1.49%
ethereum
Ethereum (ETH) $ 2,180.17 1.63%
tether
Tether (USDT) $ 0.999754 0.03%
xrp
XRP (XRP) $ 2.16 0.95%
bnb
BNB (BNB) $ 606.00 3.20%
solana
Solana (SOL) $ 140.98 2.86%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.203498 3.20%
cardano
Cardano (ADA) $ 0.636012 1.19%
staked-ether
Lido Staked Ether (STETH) $ 2,178.00 1.63%
tron
TRON (TRX) $ 0.231617 1.32%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,755.71 1.36%
hedera-hashgraph
Hedera (HBAR) $ 0.234834 14.69%
litecoin
Litecoin (LTC) $ 125.55 1.13%
chainlink
Chainlink (LINK) $ 14.53 0.24%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,598.36 2.07%
stellar
Stellar (XLM) $ 0.298442 6.04%
leo-token
LEO Token (LEO) $ 9.75 4.98%
sui
Sui (SUI) $ 2.81 1.24%
avalanche-2
Avalanche (AVAX) $ 21.43 0.84%
the-open-network
Toncoin (TON) $ 3.25 2.65%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.06%
usds
USDS (USDS) $ 1.00 0.00%
mantra-dao
MANTRA (OM) $ 7.44 0.65%
polkadot
Polkadot (DOT) $ 4.60 2.61%
hyperliquid
Hyperliquid (HYPE) $ 19.33 1.76%
weth
WETH (WETH) $ 2,182.45 1.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 309.39 0.99%
ethena-usde
Ethena USDe (USDE) $ 0.99926 0.00%
bitget-token
Bitget Token (BGB) $ 4.02 1.76%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,312.61 1.50%
uniswap
Uniswap (UNI) $ 7.36 1.06%
monero
Monero (XMR) $ 217.91 3.10%
whitebit
WhiteBIT Coin (WBT) $ 26.47 0.15%
aptos
Aptos (APT) $ 6.37 2.28%
near
NEAR Protocol (NEAR) $ 3.14 4.62%
dai
Dai (DAI) $ 0.999999 0.05%
ondo-finance
Ondo (ONDO) $ 0.99981 1.42%
pepe
Pepe (PEPE) $ 0.000007 5.33%
internet-computer
Internet Computer (ICP) $ 6.42 0.94%
susds
sUSDS (SUSDS) $ 1.04 0.03%
ethereum-classic
Ethereum Classic (ETC) $ 19.10 0.37%
aave
Aave (AAVE) $ 187.85 1.09%
bittensor
Bittensor (TAO) $ 331.94 1.27%
okb
OKB (OKB) $ 44.87 1.63%
official-trump
Official Trump (TRUMP) $ 13.15 5.15%
gatechain-token
Gate (GT) $ 20.48 0.88%
mantle
Mantle (MNT) $ 0.738864 1.34%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,797.72 1.27%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.270084 0.51%