National

China warns of possible 'trade war' with EU

Jun 22, 2024

Beijing [China], June 22: Beijing warned on Friday that escalating frictions with the European Union over electric vehicle imports could trigger a trade war, as Germany's economy minister arrived in the Chinese capital with the proposed tariffs high on his agenda.
Robert Habeck's three-day trip to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles to combat excessive subsidies. That has unleashed countermeasures by China and harsh criticism from Chinese leaders.
In an unexpected twist, Habeck - from the ecologist Greens Party which is a junior partner in Germany's fractious three-way coalition - criticised Berlin's 11-month-old China strategy document as too short-termist and not in sync with the China strategies of other EU countries.
This week alone, Chinese automakers urged Beijing to hike tariffs on imported European gasoline-powered cars and the government launched a dumping probe into EU pork imports in retaliation for the EU Commission's move.
It said that with its dumping probe, the European side had "intimidated and coerced Chinese enterprises, threatened to apply punitive high tariff rates, and demanded overly broad information".
Source: Fijian Broadcasting Corporation

More news

H.M. Electro Mech Limited Net Profit in FY25 rise 4.25% to Rs. 8.35 crore

New Delhi [India], June 7: H.M. Electro Mech Limited, engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machineries along with comprehensive operation and maintenance has reported net profit of Rs. 8.35 crore for the financial year ended March 2025, rise of 4.25% as compared to the net profit of Rs. 8.01 crore reported in the financial year 2023-24. Revenue from operations of the company for the FY25 was reported at Rs. 121.67 crore, rise of 3.96% Y-o-Y as compared to the revenue from operations of Rs. 117.03 crore.

Jun 07, 2025