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Europe and China agree to talk about EV tariffs, a ‘first step’ to avoid a potential trade war between two of the world’s largest economies Lionel Lim June 24, 2024 at 12:50 AM
The European Union's trade commissioner called for a more balanced economic relationship with China on Monday, noting an EU trade deficit of nearly 400 billion euros ($425 billion), while also ...
The European Union is China's largest trading partner, [1] [2] and China is the EU's largest trade partner. [ 3 ] Since March 2019, the European Union has referred to China as a "systemic rival".
Last year, the EU's exports to China were worth 14.6 billion euros ($15.57 billion), down 8% from 2022, while imports from China to the EU fell 15% to 8.3 billion euros.
The increased tit-for-tat tariff announcements stoked fears that the two countries are inching closer to a trade war. [141] [142] [143] On April 4, 2018, President Trump responded to speculation tweeting: "We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now ...
France summoned China's ambassador over "unacceptable" insults and Beijing's sanctions. [4] On 24 March, Dombrovskis, the EU's trade commissioner, warned China, saying that the “ratification process cannot be separated from the evolving dynamics of the wider EU-China relationship”, also referring to these counter-sanctions. [17]
Adding to the challenges, unresolved disputes with the European Union over tariffs of up to 45.3% on Chinese electric vehicles threaten to hinder China's ambitions to expand its auto exports and ...
The incident led to a diplomatic row with China and further trade disputes, including Chinese boycotts of Lithuanian components, dragging the European Union into the dispute. [ 12 ] [ 13 ] Lithuanian President Gitanas Nausėda stated in January 2022 that it was a mistake in allowing Taiwan to open a representative office under the 'Taiwan' name ...