Rev up your engines, folks! 🚗🌍 China and the European Union are hitting the road towards dialogue over the buzzing issue of electric vehicles (EVs) subsidies.
On Saturday, China's Commerce Minister Wang Wentao and Valdis Dombrovskis, Executive Vice President of the European Commission, agreed to kickstart consultations regarding the EU's anti-subsidy investigation into Chinese EVs. The two connected via video link to reach this consensus, signaling a move towards easing potential trade tensions.
But that's not all! Wang also had a virtual meet-up with German Vice Chancellor Robert Habeck. In their \"digital rendezvous,\" Wang reiterated China's stance, emphasizing the importance of avoiding an escalation of trade frictions 🚫🔥. He highlighted that China is ready to talk it out 🤝, as long as the EU is willing to come to the table with sincerity.
Wang reminded Habeck that this year marks the 10th anniversary of the comprehensive strategic partnership between China and Germany 🎉. He pointed out the deep economic interdependence between the two, kinda like the dynamic duo of the global economy 💪🌐.
China is hoping Germany will play a positive role within the EU, encouraging the European side to meet China halfway 🛣️. After all, nobody wants a trade war messing up the vibe 🎶.
However, Wang didn't hold back in expressing that if the EU sticks to its \"wrong way,\" China won't hesitate to defend its rights, even if it means taking the case to the World Trade Organization 🚨⚖️.
On the flip side, Vice Chancellor Habeck echoed the sentiment that Germany and China are both fans of globalization 🌍❤️. He expressed concern over the EU's investigation, noting that it could throw a wrench in Europe's green transition and hurt consumer interests 🛑🌱.
Habeck believes slapping tariffs is \"like the worst\" 🙅♂️, potentially leading to a spiral of escalating trade tensions. Instead, he stressed that keeping the lines of communication open is the way to go 📢✌️.
As the world watches, this move towards dialogue could be a game-changer for international trade and the future of electric vehicles 🚀⚡. Let's hope they can sort it out and keep the green dream alive! 🌳💚
Reference(s):
China, EU agree to launch consultations on EV subsidy investigation
cgtn.com
