BERLIN / LONDON (IT BOLTWISE) – The German government is raising concerns about the possible imposition of new tariffs against China. Foreign Minister Johann Wadephul warns of the risks of an escalation in global trade that could be triggered by recent threats from French President Emmanuel Macron.
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Recent discussions about the introduction of new tariffs on Chinese imports have sparked concern in Germany. Foreign Minister Johann Wadephul has criticized French President Emmanuel Macron’s comments threatening tariffs against China. Wadephul stressed in Beijing that additional tariffs are not necessarily a solution and could stand in the way of constructive trade policy. Germany clearly distances itself from protectionist measures, although it is important to also expect concessions from the Chinese side.
Macron, on the other hand, made it clear in an interview with the French business newspaper “Les Echos” that China’s significant trade surplus was unsustainable for Europe. He called on China to change course to counter the looming threat of an incipient tariff spiral, similar to the measures already taken by the US. These developments could lead to a global trade escalation that would ultimately damage free trade.
The German government sees the escalation of trade conflicts as a threat to the global economy. Tariffs should only be considered as a last resort, as they could often lead to unwanted backlash and an escalation of tensions. These tensions could affect international trade and cause long-term economic damage.
Experts warn that a trade war between Europe and China could have far-reaching consequences for the global economy. The German economy is heavily export-oriented and an escalation of trade conflicts could significantly impact exports. This would not only affect the German economy, but also destabilize the European and global economy.
Overall, it remains to be seen how trade relations between Europe and China will develop. The German government is relying on dialogue and cooperation to avoid escalation and promote free trade. The coming months will be crucial to see whether a diplomatic solution can be found that meets the interests of all parties involved.
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