Next week, Habeck will visit South Korea and China.
The People's Republic has three main stations: Beijing, Shanghai, and Hangzhou. When meeting with government officials and businesses, discussions typically focus on bilateral trade relationships and climate policies, as mentioned by the Ministry. Mentionally, EU political developments could also be discussed, the speaker noted.
On Wednesday, the EU Commission raised tariffs on cars manufactured in China. The justification for this move was the accusation that Chinese companies receive significant subsidies, which hurt European manufacturers. Initially, talks with Chinese authorities and businesses will ensue, with the implementation of these new tariffs expected in early July.
According to Habeck's representative, the Minister won't steer clear of this issue. However, the EU Commission is in charge of handling these tariff negotiations. "The two roles can be distinguished quite clearly," clarified the spokesperson. Germany hopes that resolution can still be found in this situation.
The German automotive industry has a large presence in China and is worried about potential repercussions from the EU's application of tariffs on Chinese-made cars. There's a possibility that Chinese authorities may retaliate, and German-made cars produced in China would be subject to higher tariffs when imported to Europe.
Read also:
- Minister Habeck will be visiting Beijing and Hangzhou in China, along with South Korea, next week.
- The Federal Ministry of Economics mentioned that during meetings with Chinese officials and businesses, discussions may include bilateral trade relationships, climate policies, and EU political developments.
- China's reaction to the EU Commission's increase in tariffs on Chinese-made cars, due to accusations of substantial subsidies, is a concern for the German automotive industry, which has a significant presence in China.
- During his visit, Robert Habeck will address the ongoing tariff issue, although the EU Commission is responsible for handling the negotiations.
- German-made cars produced in China could face higher tariffs if China retaliates against the EU's application of tariffs on Chinese-made cars.
- East Asia, which includes cities like Beijing, Shanghai, and Hangzhou, as well as South Korea, will be in focus during Habeck's trip, as the region plays a crucial role in economic and climate policies discussions at the international level.
