Monday, May 27, 2013

German Chancellor moves to cool EU-China trade dispute

German Chancellor Angela Merkel has said she wants to reach an agreement with China over import tariffs and avoid triggering a damaging trade war.

Earlier China's Premier Li Keqiang had warned he was unhappy with European Union probes into Chinese pricing practices in a number of industries.

The EU wants to levy tariffs on Chinese solar panels and phone gear amid claims they are unfairly undercutting rivals.

Chancellor Merkel now wants "intense" talks between the EU and China.

http://www.bbc.co.uk/news/business-22677755