Tuesday, May 28, 2013

China causing problems for Germany and European Union

China has been using skillful tactics of threatening trade war and increased purchases with the E.U. and now have caused a major issue. Due to these threats China has appeared to have caused a gap between Germany and the rest of the European Union. After years of being a loyal supporter of the European Union, Germany must take China's side of things now. Germany's economic minister said Monday that Germany was voting against the European Unions purposed $27 billion dollar tariff on imported solar panels from China. A test Tuesday however showed that not only Germany but the majority of European governments opposed the tariff on Chinese solar panels. Looks like China wins this one.

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