Habek justifies the EU’s stance on the threat of punitive tariffs against China

The European Union’s proposed tariffs on Chinese goods are not “punishment,” German Economy Minister Robert Habeck (Greens) told Chinese officials during his visit to Beijing on Saturday, according to a news agency. Reuters: reports their UK website.

Habek’s visit is the first visit of a high-ranking European politician after Brussels responsibilities on imports from in China manufactured electric vehicles. It is necessary to increase the prices of vehicles up to 38.1 percent. The EU considers the Chinese government’s subsidies for these cars unfair.

Chinese leadership ahead of the visit mass criticism On the step planned by the EU.

Habek: The EU wants to offset the advantages of Chinese companies

The report quoted Habek’s words. “It is important to understand that these are not punitive tariffs. Brazil and Turkey would apply punitive tariffs, but not the EU. It european The commission spent nine months scrutinizing whether Chinese companies gained illegal advantages through subsidies. As a result of this review, an anti-tariff measure was passed, which Habek said was not a punishment. Rather, it is designed to compensate for the advantages given to Chinese companies by Beijing.

China’s leadership recently criticized the EU review as excessive.

The US has imposed 100 percent tariffs on Chinese electric vehicle imports

Chinas E-Auto:-Manufacturers such as Geely and BYD are targeting the American and EU markets with affordable models. Western countries accuse the Chinese leadership of subsidizing their domestic industry with aid. This violates WTO (World Trade Organization) regulations.

Therefore, the US has recently raised import tariffs on Chinese electric cars to 100 percent. This doubles the price of these cars in the US. Previously, the surcharge was 25 percent.

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