Germany and China should work together against the tendency of protectionism and to avoid separated markets, said German Vice Chancellor and Federal Minister for Economic Affairs and Climate Action Robert Habeck on Saturday.
Habeck arrived in Shanghai on Saturday afternoon after meeting with top Chinese officials in Beijing, where they discussed climate change, the green transition, and tariffs.
Speaking at a press conference in Shanghai, Habeck underscored the potential detrimental effects of protectionism, warning that it could significantly harm the global market.
"Everywhere we see tendencies of protectionism, we see tariffs, we see local content rules, we see production rules. Therefore, the export-oriented countries like China and Germany must work against this tendency of separated markets," he said.
"I don't want them, I hope nobody in Europe wants the tariffs. Therefore, we should work to avoid it, and the possibility is there," he added.
Habeck cautioned that EU tariffs on Chinese-made electric vehicles could complicate the global trade landscape, reiterating that open markets are the optimal path for both China and the EU to flourish.
"We are always thriving for competition. The consequences of the tariffs are hard to foresee. In the end, you can say that tariffs make products more expensive and less available for people. So, we should avoid a system where we have a rise of tariffs, counter-tariffs, and then a scale-up of all forms of tariffs. I would say, as the minister for economic affairs, that is a dangerous development. And it destroyed the market in a way," said Habeck.
The European Commission unveiled a preliminary decision on June 12 to impose provisional tariffs on electric vehicles imported from China after its anti-subsidy investigation. The pre-disclosed duties range from 17.4 percent to 38.1 percent, in addition to the standard 10 percent vehicle duty already in place.
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German vice chancellor calls for joint efforts with China against protectionism
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German vice chancellor calls for joint efforts with China against protectionism
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German vice chancellor calls for joint efforts with China against protectionism