Beijing wants the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlled Global Times reported, after an agreement by both sides to hold new trade talks. — AFP picBEIJING, June 24 — Beijing wants the European Union to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlledProvisional EU duties of up to 38.
China has repeatedly called on the EU to cancel its tariffs, expressing a willingness to negotiate. Beijing does not want to be embroiled in another tariff war, still stung by US tariffs on its goods imposed by the Trump administration, but says it would take all steps to protect Chinese firms should one happen.
Both sides agreed to start tariff talks after a call between EU Commissioner Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao on Saturday during a visit to China by Germany’s economy minister, who said the doors for discussion are “open”.The EU’s increasingly protectionist moves will trigger countermeasures from China, and an escalation in trade frictions would only lead to “lose-lose” results for both sides, the newspaper said.
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