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International Business Times
International Business Times
Business
Lea PERNELLE

Top German Minister On Peace Mission Amid China EV Tariffs Row

Electric cars waiting to be loaded onto a vessel in China to be transported (Credit: AFP)

Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars.

If a compromise is not reached between Brussels and Beijing, the European Commission will impose extra tariffs of up to 38 percent on Chinese electric vehicles it says have benefitted from unfair subsidies.

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