Germany wants speedy end to China-US trade war

Germany's economy minister has told Beijing he wants to see a swift solution to the trade war between China and US. The long-running spat has harmed the German economy.

Politics 16:25 27.04.2019

German Economy Minister Peter Altmaier told Chinese Vice Premier Liu He on Saturday that he hoped the US-China trade dispute that has slowed global growth would soon be over.

For months, the world's two largest economies have been locked in a trade war that has cost them billions of dollars and rattled global markets.

The row has also taken its toll on businesses from Germany and other European countries that are operating in China, Altmaier was quoted by state media as saying.

"In the big EU states we have agreed that we don't want to sign any bilateral memorandums but together make necessary arrangements between the greater European Economic Area and the economic area of Greater China," he said.

"We will take this promise seriously" and make suggestions on how to achieve these goals in both Asia and Europe, Altmaier said, adding that the EU had to make its own interests clear.

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