Sanchez Visits China Amid Trade Tensions

Spanish Prime Minister Pedro Sanchez is in Beijing to meet with President Xi Jinping amid ongoing trade tensions between the EU and China, particularly concerning electric vehicles and pork exports. Sanchez aims to strengthen bilateral trade and cultural ties during his visit.
Sources (24)
Open Article

9/17/2024

ScoreValue
Scale

7

Novelty

4

Positivity

6

Reliability

8

Actionability

2

Society

5

Journalism

3


Highlights

  • Spanish Prime Minister Pedro Sanchez arrived in Beijing for a meeting with Chinese President Xi Jinping.
  • Spain is the top exporter of pork goods to China, with $1.5 billion worth of exports in 2023.
  • China is conducting an anti-dumping investigation into EU pork imports in response to the EU's proposed tariffs on Chinese electric vehicles.
  • Sanchez's visit includes participation in business forums and the inauguration of a Cervantes Institute in Shanghai.
  • Spain supported a 36.7% tariff on Chinese electric vehicles earlier this year.

Perspectives

  • Both leaders expressed a commitment to free trade and cultural exchanges, with Sanchez emphasizing Spain's support for open markets and opposition to trade wars. [19][22]
  • There are concerns in Spain regarding potential retaliatory tariffs from China on Spanish automobiles and pork if the EU imposes tariffs on Chinese electric vehicles. [20][21]