China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein

[Pelican Press 0]

China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.

Speaking to CNBC’s Silvia Amaro on Tuesday, Gitenstein said China was “engaged in a deliberate effort to undermine economic sectors in both Europe and the ******* States.”

The ******** Embassy in London did not immediately respond to a request for comment when contacted by CNBC.

The ambassador’s comments come as the Biden administration on Tuesday announced a hike in tariff rates on $18 billion worth of ******** imports, including increasing tariffs on ******** electric vehicles from 25% to 100%.

It comes amid growing concerns over a raft of cheap ******** “green” goods — such as EVs, batteries and solar panels — flooding international markets.

White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains. Meanwhile, last year, the ********* Commission launched an investigation into ******** EVs and raised the possibility of introducing its own “

This is the hidden content, please

• Sign In
• or
• Sign Up

” in the future.

Gitenstein said that both ********* Commission President Ursula von der Leyen and ********* Council President Charles Michel have “talked extensively about the problem of overcapacity in the People’s Republic of China and how it’s distorting our markets in the ******* States and their markets in Europe.”

“We’re going to protect our workers and we’re going to protect our sectors of the economy that are being attacked basically by the PRC [People’s Republic of China], especially in the green tech area,” he added.

— CNBC’s Rebecca Picciotto contributed to this report.

This is the hidden content, please

• Sign In
• or
• Sign Up

Breaking News: Economy,Politics,Breaking News: Politics,China,International trade,Foreign policy,******* States,Economy,Ursula von der Leyen,business news
#China #engaged #deliberate #efforts #undermine #U.S #Europe #envoy #Gitenstein

This is the hidden content, please

• Sign In
• or
• Sign Up