live Bab el-Mandeb shipping slumps after Houthi attacks on Saudi oil sites
Ship traffic through the Bab el-Mandeb Strait fell to its lowest level in months on Sunday after Yemen's Houthi movement attacked Saudi oil facilities...
BEIJING, Feb 20, 2025 – China is “doing its best” to push for talks with the European Union over tariffs imposed on Chinese-made electric vehicles, a commerce ministry spokesperson said on Thursday.
The comments come nearly four months after the EU raised import duties to as high as 45.3% in October following an anti-subsidy probe into Chinese firms.
"He Yadong, a spokesperson for China’s commerce ministry, said, 'China has been doing its best to push for negotiations with the EU. It is hoped that the EU will take notice of the call from industry and promote bilateral investment cooperation through dialogue and consultation,'" Reuters reported.
The increased tariffs were implemented after the European Commission launched an investigation to determine if Chinese manufacturers benefited from preferential grants, financing, land allocations, and access to batteries and raw materials at below-market prices.
In addition to pressing for tariff talks, China has initiated its own investigations into imports of several European products, including brandy, dairy, and pork. When asked about the progress of these cases, He noted that China’s anti-dumping probe into Europe’s pork products and its anti-subsidy investigation into the EU dairy trade were still ongoing. "We will conduct the investigation in an open and transparent manner in accordance with Chinese laws and regulations and World Trade Organization rules," he added.
China’s commerce ministry recently extended its anti-dumping investigation into EU brandy imports by three months, with the new deadline set for April 5.
The push for renewed negotiations comes as both sides continue to assess and recalibrate their trade policies amid broader economic tensions. While the EU maintains its stance on protecting its domestic industries, Chinese officials emphasize the need for dialogue to resolve disputes and foster closer bilateral investment cooperation.
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
Marvel Studios used its return to San Diego Comic-Con to reveal several major projects, including a new Ghost Rider film starring Ryan Gosling and the long-awaited Black Panther 3.
Kazakhstan's President Kassym-Jomart Tokayev called on Saturday for Russia and Ukraine to freeze the conflict and return to peace talks, saying a negotiated settlement remained possible despite the entrenched positions of both sides.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment