Chinese President Xi Jinping urged German Chancellor Olaf Scholz to help resolve EU tariffs on Chinese electric vehicles during talks at the G20 summit. Xi emphasized the importance of dialogue to settle trade differences. Scholz also discussed geopolitical issues, including the Ukraine war.
Chinese President Xi Jinping told German Chancellor Olaf Scholz on Tuesday he hoped Germany could help the EU and China to resolve the issue of tariffs on Chinese electric vehicles as soon as possible, state television CCTV reported.
In talks on the sidelines of the Group of 20 summit in Rio de Janeiro, Xi said China was ready to work with Germany to "consolidate" an overall strategic partnership, before raising the issue of EU tariffs on Chinese-made EVs, which has increased the prospects of a trade war between Beijing and the bloc.
"The EU's tariffs on Chinese electric vehicles are drawing attention around the world, and China always insists on resolving differences through dialogue and consultation. It is hoped that Germany will continue to play an important role in this regard," Xi said, according to a summary by Chinese state news agency Xinhua.
A German government spokesperson said in a statement that Scholz's meeting with Xi had lasted 30 minutes and that the chancellor had addressed geopolitical issues including the war in Ukraine and the Middle East.
"In particular, he warned of (the dangers of) escalation due to the deployment of North Korean troops, the statement said, referring to what the U.S. says is the deployment of 11,000 North Korean troops to fight for Russia against Ukraine.
Scholz also told Xi his recent phone call with Russian President Vladimir Putin on ending the war in Ukraine had proven "sobering", the German statement added.
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The Singapore dollar gains ground against the U.S. dollar, driven by growing momentum in the so-called “sell America” trend triggered by renewed tariff threats.
Australian logistics software firm WiseTech Global has agreed to acquire U.S.-based E2open for $2.1 billion, aiming to enhance its global trade capabilities and create a comprehensive logistics ecosystem.
Monsoon rains arrived in Kerala on May 24—eight days earlier than usual—marking the earliest onset in 16 years and offering hope for stronger crop yields and heatwave relief.
A shooting in Little River, South Carolina, left at least 11 people hospitalized Sunday night, with police calling it an isolated incident.
U.S. President Trump has delayed a proposed 50% tariff on EU imports, giving both sides until July 9 to strike a trade deal.
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