GERMANY is KEY for CHINA in TRADE WARS! Breaking News

GERMANY is KEY for CHINA in TRADE WARS! Breaking News
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Published on Jul 9, 2018
Li called for a “new starting point” in relations between the two countries when he arrived in Berlin on Sunday for talks with top officials.

The meetings on Monday come at a time of heightened tensions with the United States for both China and Germany, and the trade conflict will be high on the agenda.

On Friday, China and the US slapped 25 per cent tariffs on US$34 billion of each other’s goods in the opening shots of a trade . Germany, similarly, has protested over US tariffs imposed on European aluminium and steel, and last week Merkel said Trump’s threatened duties on cars could trigger a new financial crisis.

China’s ambassador to the European Union told Handelsblatt newspaper that China and Europe are prepared to do whatever it takes to retaliate and show the US that a policy of escalating the trade conflict would be harmful.

“China has tried extensively to stop the trade conflict with the United States escalating into a trade but it takes two hands to clap,” Zhang Ming was quoted as saying, adding that no one would profit from a global trade dispute.

“The Chinese are peaceful people and I think the Europeans as well, but we must demonstrate to the trade initiator that its action is wrong,” he said.
GERMANY is KEY for CHINA in TRADE WARS! Breaking News

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