German warning about the consequences of the European trade war with China

– International News – Tasnim news agency According to the German “Die Site” publication, “Robert Haubeck”, the Minister of Economy of Germany, of the fact that the European Union Commission He welcomed the fact that punitive tariffs against China are being considered, but emphasized on taking a measured approach. According to him, such measures should be more useful than harmful.

In this way, “Robert Haubeck”, the Federal Minister of Economy of Germany, in discussions about the possible punitive tariffs of the European Union against China, compared He warned of damage to his country’s economy.

This German official told the Rheinische Post about this: Of course, you have to look carefully to make sure that these measures will help you more than harm. It is important to proceed carefully. China is suspected of undermining global fair trade with its dumping proposals. That’s why it’s good that the EU Commission is investigating this issue.

The United States had previously imposed special tariffs on imports of electric vehicles, semiconductors and other products from China. The United States accuses China of distorting competition through government subsidies. US Treasury Secretary Janet Yellen has called for a clear and united front from the US and Europe against China’s overcapacity. However, the reaction of the European Union is still awaited.

Haback emphasized: We have re-evaluated our relations with China during this legal period. He emphasized: For a long time, China was considered as a cheap desk and then as a big sales market. Of course, this country is still an important trading partner. At the same time, we need mid-term and long-term thinking.

“Christian Lindner”, the German finance minister, had previously emphasized a measured approach to the issue of possible punitive tariffs against China. This politician of the Liberal Democratic Party said: “We must react to dumping and unfair practices without weakening free and fair global trade in general.” The West has threatened to impose tariffs on some chemicals, some of which are also used in cars.

China’s Ministry of Commerce is conducting anti-dumping investigations on such chemicals from the European Union, the United States of America, Japan and has started Taiwan.

Experts consider this action of the Chinese government as a counter-reaction to the recent trade disputes with the West.

Beijing has also threatened Westerners to impose customs tariffs on Western combustion vehicles.

This plan is likely to affect German automakers BMW and Mercedes. Liu Bin, an expert at the China Automotive Research and Technology Center (CATARC), clearly sees the reason for this proposal as plans for punitive tariffs in the United States and Europe.

The European Commission wants to in June In this regard, decide whether to apply the so-called anti-dumping duties on Chinese electric cars or not. In doing so, the union will follow the lead of the United States.

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