Germany doesn’t expect a solution to EU tariff tensions on China trip


Source: finance.yahoo.com finance.yahoo.com

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By Maria Martinez PAJU, SOUTH KOREA (Reuters) - In his trip to China, Germany's Economy Minister Robert Habeck doesn't expect to reach a solution on trade tensions after the EU threatened to impose steep tariffs on Chinese cars. "We don't see any major opportunities," Habeck said on Friday in South Korea, the first stop of his East Asia trip. "There is no chance of the conflict being resolved in China." Habeck's trip comes a week after the European Commission proposed tariffs of up to 38.1% on electric vehicle imports from China, marking a new low point in economic relations. This...