China warns of trade war, says EU is to blame

On June 21, the Chinese Ministry of Commerce said that the European Union (EU) continued to escalate trade tensions and this "could spark a trade war".

China warns EU of risk of trade war. (Source: Getty Images)

"The responsibility lies entirely with the EU," said a spokesman for China's Ministry of Commerce.

According to the official, Beijing hopes the 27-member bloc will work together to resolve differences through dialogue and avoid escalating trade conflicts or letting the situation spiral out of control.

EU-China tensions are rising.

The 21-member bloc recently announced a five-fold increase in import duties on Chinese electric cars starting in July, with additional tariffs ranging from 17.4% to 38.1% to be applied on top of the EU's existing 10% tariff.

That means Beijing-made electric cars imported into the bloc face total tariffs of nearly 50%.

In contrast, the world's second-largest economy is considering the possibility of imposing temporary anti-dumping measures on pork imports from the EU.

Specifically, Chinese authorities have launched an investigation into EU pork and pork products. The investigation focuses on fresh whole carcasses, frozen meat, as well as offal products of pigs...

The investigation is expected to be completed by June 17, 2025, but could be extended by another six months if necessary.

* On the same day, during a visit to China, German Economy Minister Robert Habeck said he did not expect to reach a solution to trade tensions after the EU threatened to impose high tariffs on Chinese cars.

"We don't see any big opportunities. There is no chance of resolving the conflict in the Asian country," Mr. Habeck said.

Source: https://baoquocte.vn/trung-quoc-canh-bao-ve-mot-cuoc-chien-thuong-mai-noi-trach-nhiem-hoan-toan-thuoc-ve-phia-eu-275827.html