BusinessPostCorner.com
No Result
View All Result
Thursday, June 19, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Germany urges EU-China trade talks but criticises Beijing’s exports to Russia

June 22, 2024
in Finance
Reading Time: 3 mins read
A A
0
Germany urges EU-China trade talks but criticises Beijing’s exports to Russia
ShareShareShareShareShare

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Germany’s vice-chancellor said the doors were “open for discussions” with Beijing on EU tariffs but he took a tougher line on Chinese exports to Russia during the first mainland visit from a senior European politician since the duties were announced.

Robert Habeck, minister for economic affairs and climate action, said he hoped for imminent talks between Beijing and Brussels and that the tariffs of up to 38 per cent on Chinese electric vehicles were “not punitive”.

“There’s room for discussion,” he said at a press conference in Shanghai. “I hope that in the days to come the European Commission and the Chinese trade minister will talk.”

While he struck a conciliatory tone on tariffs, which are yet to be finalised, Habeck was critical of China’s growing exports to Russia and cited Germany’s own efforts to stop exports of “dual-use” goods with potential military applications.

“I looked at the trade figures and Chinese trade with Russia increased more than 40 per cent last year,” he said. “Of course energy is a high part [of] 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”.

Germany has a close economic relationship with China, its largest trading partner and a crucial market for its auto industry. Berlin has sought to carefully navigate rising tensions between Beijing and Washington that deteriorated sharply following Russia’s invasion of Ukraine in 2022.

Habeck also visited Beijing where he met Wang Wentao, minister of commerce, and Zheng Shenjie, head of the National Development and Reform Commission. He said they spoke about energy and climate issues as well as human rights with Chinese officials as part of “intense discussions”. An anticipated meeting with Premier Li Qiang did not materialise.

Recommended

Before flying into the mainland, Habeck said that he hoped the visit could help to ease trade tensions between China and the EU, which conducted an investigation into state subsidies for the electric vehicle sector in the mainland. Habeck added that “the omens are rather challenging”.

President Joe Biden imposed tariffs of 100 per cent on Chinese electric vehicles this year, higher than the EU, though the US imports much smaller volumes.

Olaf Scholz, Germany’s chancellor, met President Xi Jinping in April and encouraged China’s president to pressure Russia to end its campaign in Ukraine. Scholz has also petitioned Li for greater market access for German companies in the mainland.

Xi and his Russian counterpart Vladimir Putin have trumpeted their close relationship and sworn to increase trade. Russia became China’s fifth-biggest single-country trading partner last year, up from ninth in 2020, as trade reached $240bn. Chinese exports to Russia rose 46.9 per cent in 2023 year on year, according to official data.

Credit: Source link

ShareTweetSendPinShare
Previous Post

JPMorgan, BofA, Goldman, and Citi fall short in their ‘living wills,’ bank regulators warn

Next Post

Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy’

Next Post
Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy’

Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy’

Using PTO to boost your workforce’s productivity

Using PTO to boost your workforce’s productivity

June 17, 2025
Ethereum ETFs Smoke Bitcoin ETFs with Massive 0M Inflows – K Breakout Next?

Ethereum ETFs Smoke Bitcoin ETFs with Massive $240M Inflows – $3K Breakout Next?

June 12, 2025
Starmer to launch child grooming gangs inquiry

Starmer to launch child grooming gangs inquiry

June 14, 2025
Israel is achieving its goals in Iran — so far

Israel is achieving its goals in Iran — so far

June 15, 2025
Merck exec says Chernobyl changed the course of her life after her father begged her to leave nuclear physics on his deathbed—now she’s running the 5 billion pharma giant’s U.K. healthcare arm

Merck exec says Chernobyl changed the course of her life after her father begged her to leave nuclear physics on his deathbed—now she’s running the $235 billion pharma giant’s U.K. healthcare arm

June 17, 2025
‘We sit in the dark to save money on electricity in Guernsey’

‘We sit in the dark to save money on electricity in Guernsey’

June 14, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump Wants GENIUS Bill Sent Straight to His Desk, Without Congressional Tweaks

Trump Wants GENIUS Bill Sent Straight to His Desk, Without Congressional Tweaks

June 19, 2025
Biofuel prices jump as Israel-Iran conflict drives hunt for oil alternatives

Biofuel prices jump as Israel-Iran conflict drives hunt for oil alternatives

June 19, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!