China's carrot-and-stick tactics on EU nations start to pay off
BEIJING -Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals and investments.
According to a Spanish government source, Sanchez's delegation came away feeling"Spain is more important now", and that an agreement over tariffs on its pork products was close. China-made EVs exported to Europe rose 38% in 2023 to 656,000 units, including shipments non-EU countries. Europe accounted for more than 40% of EVs shipped out of China last year, according to Reuters calculations based on data from the China Passenger Car Association.
China needs at least 15 EU members representing 65% of the EU population to oppose the tariffs at a vote in October. Unlike with Brussels, Beijing gave Ottawa no public prior warning of how it might hit back, signals often conveyed in Chinese state media such as Global Times.
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