(Bloomberg) -- Beijing has suggested Germany’s luxury car manufacturers could benefit if Berlin convinces the European Union to drop tariffs on Chinese...
-- Beijing has suggested Germany’s luxury car manufacturers could benefit if Berlin convinces the European Union to drop tariffs on Chinese electric-vehicle exports.Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpCDK Hackers Want Millions in Ransom to End Car Dealership Outage
The danger for the commission is that Berlin — which already opposes the tariffs — might be persuaded by its massive auto industry to break rank and pressure the bloc’s executive arm and other member states, by using its weight as the EU’s biggest economy.German Chancellor Olaf Scholz on Monday underscored his government’s wish for a negotiated solution.
The bartering in Beijing came as the EU’s trade chief Valdis Dombrovskis held a “candid and constructive” video call with his Chinese counterpart over the weekend. Senior officials from the two sides have barely spoken to each other during the probe. China has looked to transform discussions into a mercantile negotiation and has been trying to divide member states by pressuring them bilaterally, some of the people said. While the EU is open to solutions that would achieve the same effects as countervailing tariffs, those would need to abide fully with World Trade Organization rules.
China has blasted the move as protectionist and not based on objective criteria. It has threatened to retaliate and has already launched anti-dumping probes into pork and brandy imports.
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