“The two sides agreed to engage on the basis of facts and in full respect of WTO rules,” he added. “The EU side emphasized that any negotiated outcome to its investigation must to effective in addressing the injurious subsidization.” The two sides will “continue to engage at all levels in the coming weeks.”
The EU and China have been engaged in an escalating trade war, with the EU slapping tariffs on Chinese electric vehicles earlier this month and Beijing launching an anti-dumping probe into EU pork products.
German Vice Chancellor Robert Habeck is currently in China — his first visit to the country during his tenure — where he said the EU’s proposed tariffs on imports of EVs from China are “not a punishment,” but compensation for the advantages granted by Beijing to Chinese companies.
“It is important to understand that these are not punitive tariffs,” Habeck said, contrasting the EU measures with ones implemented by countries such as the U.S., Brazil and Turkey, according to a Reuters report. Habeck said that for nine months, the European Commission had examined in great detail whether Chinese companies had benefited unfairly from subsidies.
