German Industry Vulnerable to Chinese Retaliation

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China Nieuws

European Union,Trade Tensions,Electric Vehicles

China agrees to discuss electric vehicle tariffs with the EU, but a snub from a Chinese premier casts a shadow over the negotiations.

After several weeks of escalating tit-for-tat trade war salvos between China and Europe, threatening to scuttle billions in auto trade between the two blocs, over the weekend China agreed to enter talks with the EU over its decision to impose higher tariffs on imports of Chinese electric vehicles during a visit to Beijing by Germany’s vice-chancellor, which was aimed at soothing tensions.

“Of course energy is a high part it, but something like half of it is related to dual-use goods. These are technically goods that can be used on the battlefield and this has to stop.' Spoiler alert it won't stop since Germany needs Chinese buyers more than China needs to placate Germany.

 

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