{"id":81071,"date":"2024-09-17T00:00:00","date_gmt":"2024-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/17\/china-seems-to-be-making-some-headway-in-trade-stand-off-with-the-eu\/"},"modified":"2024-09-17T00:00:00","modified_gmt":"2024-09-17T00:00:00","slug":"china-seems-to-be-making-some-headway-in-trade-stand-off-with-the-eu","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/17\/china-seems-to-be-making-some-headway-in-trade-stand-off-with-the-eu\/","title":{"rendered":"China seems to be making some headway in trade stand-off with the EU"},"content":{"rendered":"

<\/strong>China\u2019s pressure tactics on EU tariffs appear to be paying off<\/strong>: <\/strong>As a vote on EU tariffs for Chinese-made electric vehicles approaches, Beijing has adopted a carrot-and-stick strategy with the 27-member bloc, threatening trade retaliation while simultaneously enticing key EU countries into individual discussions on agreements and investments, Reuters<\/a> reports. Spain, traditionally a key advocate for the EU\u2019s proposed tariffs on China-made EVs, has now urged the bloc to reconsider its position following a visit to China<\/a> by Spanish Prime Minister Pedro Sanchez last week. <\/p>\n

The game plan:<\/strong> China has made trade retaliation threats against EU countries supporting tariffs on China-made EVs \u2014 namely Spain, France, and Italy \u2014 while EU countries holding back on pushing the tariffs \u2014 Germany, Finland, and Sweden \u2014 are not being targeted by trade retaliation. The latter will see less of an impact by China\u2019s <\/span>retaliatory anti-dumping investigation<\/a> into European pork, dairy, and brandy exports.<\/span><\/p>\n

Hitting them where it hurts:<\/strong> EU pork, dairy, and brandy exports to China amounted to some USD 10 bn in 2023, making China one of their \u201ctop export markets,\u201d Beijing-based economist Mei Xinyu told the newswire.<\/p>\n

Italy\u2019s sending mixed signals:<\/strong> Although Italy has announced that it supports \u201cthe duties that the EU commission proposes,\u201d Industry Minister Adolfo Urso has said that he expects a negotiated solution, Reuters<\/a> writes.<\/p>\n

Moving forward:<\/strong> China\u2019s Commerce Minister Wang Wentao is set to meet EU Commission executive VP and trade commissioner Valdis Dombrovskis on Thursday to discuss the EU\u2019s anti-subsidy case against China. <\/p>\n

OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n