Wang Wentao visits Brussels for EU trade discussions

Wang Wentao, China's top trade official, is on a tour of European capitals to address the European Union's potential import taxes on Chinese electric vehicles. His visit includes meetings with industry representatives and a crucial discussion with EU trade chief Valdis Dombrovskis in Brussels. The EU is considering imposing duties of up to 35.3% on these imports, citing concerns over unfair competition due to Chinese state subsidies. Wang's strategy involves rallying support from EU member states to oppose these tariffs, while simultaneously seeking a negotiated resolution with the Commission. The backdrop of this visit is the increasing tension between China and the EU, particularly in light of the U.S. imposing a 100% tariff on Chinese electric cars. Wang's efforts in Italy and Germany have not yielded the desired results, as the EU remains cautious about appearing weak against U.S. pressure. The situation is further complicated by differing opinions within the EU, with some leaders advocating for competition on fair terms while others, like German Chancellor Olaf Scholz, oppose the tariffs altogether. The upcoming vote on the duties is critical, as it requires 14 countries to oppose them for a second round of voting to occur. This means that Wang's ability to influence member states is crucial in determining the outcome. The European Commission's reluctance to rush the vote indicates a strategic approach to potentially alter findings based on Wang's discussions. Overall, Wang's visit highlights the delicate balance of trade relations between China and the EU, as both sides navigate the complexities of competition, tariffs, and diplomatic negotiations in a rapidly changing global market.