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Germany: Merkel vows to avoid trade war with China

May 26, 2013 • Business


German Chancellor Angela Merkel, right, and the Chinese Premier Li Keqiang gesticulate after a contract signing ceremony at the chancellery in Berlin, Sunday, May 26, 2013. (AP Photo/Markus Schreiber)

BERLIN (AP) — German Chancellor Angela Merkel said Sunday she would use her country’s economic clout to prevent the European Union from imposing punitive tariffs on some Chinese products to avoid a trade war.

Germany will push for “very intense talks” between the EU and China to seek a negotiated solution as swiftly as possible, the leader of Europe’s biggest economy told visiting Chinese Premier Li Keqiang.

The EU Commission, the 27-nation bloc’s executive arm, accuses China of pricing its solar panels and some mobile telecom devices too cheaply, thereby flooding the European market, distorting competition and hurting European manufacturers. Brussels has therefore proposed imposing an average 47 percent special duty on Chinese solar panels, and it is continuing to look into the telecommunication sector.

Li sharply criticized the EU’s approach, saying through a translator that “it sends a wrong Login to read more

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