"We are far from the end, but at least, it is a first step that was not possible before. "The minister had said earlier on Saturday that the European Union's door was open for discussions regarding EU tariffs on Chinese exports. Habeck noted Chinese trade with Russia increased more than 40% last year.Habeck said he had told Chinese officials that this was taking a toll on their economic relationship. "This opens a phase where negotiations are possible, discussions are important and dialogue is needed," Habeck said.Proposed EU tariffs on Chinese goods are not a "punishment", Habeck told Chinese officials earlier in Beijing. "Proposed EU duties on Chinese-made EVs would hurt both sides, Zheng added.

Source: Economic Times June 23, 2024 10:51 UTC