EU's von der Leyen urges China to ensure responsible tariff response

European Commission President Ursula von der Leyen has urged China to seek a negotiated resolution to trade disputes arising from US tariffs. During a call with Premier Li Qiang, she emphasized the shared responsibility of Europe and China in main...

Agencies
The president of the European Commission, Ursula von der Leyen, urged China on Tuesday to ensure a negotiated solution to problems caused by the sweeping import tariffs imposed by U.S. President Donald Trump.

In a phone call with China's Premier Li Qiang, von der Leyen "stressed the responsibility of Europe and China, as two of the world's largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field", her office said in a statement.

Both politicians discussed setting up a mechanism to track possible trade diversion caused by the tariffs, von der Leyen's office said, as the EU fears China will redirect cheap exports from the U.S. to Europe.


Premier Li said both sides should step up communications and safeguard free and open trade and investment, Chinese state radio reported.

"China is willing to strengthen political mutual trust with the EU," Li said, adding that China insists on tackling each other's concerns through dialogue and consultation.

Beijing on Tuesday rebuked Trump after he announced additional 50% tariffs on Chinese imports, calling it "blackmail".
ADVERTISEMENT

Trump has also threatened to ratchet up tariffs on U.S. imports from the world's No. 2 economy to more than 100% from Wednesday in response to China's decision to match the "reciprocal" duties the U.S. president announced last week.

The European Union has proposed counter-tariffs of its own to Trump's onslaught that has swept up dozens of countries, sent financial markets into a tailspin and fuelled expectations that the global economy may be headed for recession.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › EU's von der Leyen urges China to ensure responsible tariff response
Text Size:AAA
Success
This article has been saved

*

+