duties - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Fri, 21 Jun 2024 22:19:30 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png duties - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 China warns of possible ‘trade war’ with EU https://www.garnertedarmstrong.org/china-warns-of-possible-trade-war-with-eu/?utm_source=rss&utm_medium=rss&utm_campaign=china-warns-of-possible-trade-war-with-eu Fri, 21 Jun 2024 22:19:30 +0000 https://www.garnertedarmstrong.org/?p=46005 BEIJING, June 21 (Reuters) – Beijing warned on Friday that escalating frictions with the European Union over electric vehicle imports could trigger a trade war, as Germany’s economy minister arrived in the Chinese capital with the proposed tariffs high on … Read More

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]]> BEIJING, June 21 (Reuters) – Beijing warned on Friday that escalating frictions with the European Union over electric vehicle imports could trigger a trade war, as Germany’s economy minister arrived in the Chinese capital with the proposed tariffs high on his agenda.

Robert Habeck’s three-day trip to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles to combat excessive subsidies. That has unleashed countermeasures by China and harsh criticism from Chinese leaders.

In an unexpected twist, Habeck – from the ecologist Greens Party which is a junior partner in Germany’s fractious three-way coalition – criticised Berlin’s 11-month-old China strategy document as too short-termist and not in sync with the China strategies of other EU countries.

This week alone, Chinese automakers urged Beijing to hike tariffs on imported European gasoline-powered cars and the government launched a dumping probe into EU pork imports in retaliation for the EU Commission’s move.

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Source: https://www.reuters.com/markets/china-says-eu-escalation-trade-friction-could-trigger-trade-war-2024-06-21/

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