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germany's latest statement on china

2024-09-18

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according to reuters, on september 17, german vice chancellor and minister of economic affairs and climate protection habeck issued a statement after meeting with chinese officials, calling for a political solution to the dispute between the eu and china over electric vehicle tariffs.

habeck made it clear that germany will not shy away from competition with china. "on the contrary, we embrace competition, but it must be under 'fair' conditions."

“we want to avoid a trade conflict that leads to escalating tariffs, where both sides end up hurting each other at all costs,” he said.

habeck (data map) german government website

the european commission announced in july that it would impose additional tariffs on chinese electric vehicles. according to a reuters report on september 10, the european commission disclosed the draft final ruling on the anti-subsidy investigation on chinese electric vehicles last month. based on the materials submitted by the companies, the european commission slightly reduced the additional tax rates on some car companies.

people familiar with the matter revealed that the additional tax rate on tesla imported from china was reduced from 9% to 7.8%, and that on geely was reduced from 19.3% to 18.8%. the additional tax rate on byd remained unchanged at 17%, while companies such as saic that "do not cooperate with the eu investigation" will be subject to the highest tax rate of 35.3%, a slight decrease from the previous 36.3%.