Talks with this goal in mind had also been “firmly promised,” Scholz told journalists on Saturday on the sidelines of the G7 summit in southern Italy. “This is the right way.” He assumes that the conflict can be resolved by the end of the month.
Nehammer wants to prevent trade war
Meanwhile, Federal Chancellor Karl Nehammer (ÖVP) told Ö1’s “Im Journal zu Gast” that everything must be done to prevent a trade war between the EU and China. Trade wars have always only produced losers and are ineffective because of the possibilities for circumvention.
- Read also: EU Commission is serious: punitive tariffs for electric cars from China
The EU Commission recently announced plans to impose high punitive tariffs on imports of Chinese electric vehicles. They are to be introduced on July 4 if Beijing does not offer an alternative solution to compensate for distortions of competition by then.
Main topic of China trip
Scholz is now hoping for a solution before this deadline. The possible punitive tariffs are also likely to be a main topic of a trip to China by German Economics Minister Robert Habeck (Greens) next week.
Since last autumn, the Commission has been investigating whether electric cars in China benefit from subsidies that distort competition. According to the Commission, Chinese electric cars are usually around 20 percent cheaper than models manufactured in the EU.
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