German economics minister urges political solution to EV tariffs with China
3 months ago

German economics minister urges political solution to EV tariffs with China

China Daily  

German Economics Minister Robert Habeck BERLIN - Germany's Economics Minister Robert Habeck has called for the European Union and China to reach a political solution to the issue of tariffs on electric vehicles. Emphasizing China's significance to the German and European economies, Habeck said fair competition conditions must be guaranteed and Germany welcomes competition with China. A government spokesperson said that the federal government had been skeptical about the EU's proposal of EV tariffs from the beginning, and this stance remains unchanged, mentioning that Spanish Prime Minister Pedro Sanchez had called on the EU member countries and the European Commission to reconsider their position on the proposal of additional tariffs on Chinese EVs. Critics argue that the move may worsen the competitiveness issues of the European Union, hinder the region's green transition and escalate trade tensions with China, instead of protecting the European auto industry as intended.

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