Latest news with #JorgeToledo
South China Morning Post
23-05-2025
- Business
- South China Morning Post
Diplomats call for renewed world order to confront Trump tariff chaos
A group of ambassadors in Beijing has called for an overhaul of the world's multilateralism systems to tackle the political and economic chaos unleashed by US President Donald Trump 'The world doesn't need another trade war. The world doesn't need more geopolitical conflicts,' Jorge Toledo, the EU's ambassador to China, said in Beijing on Friday. 'We have a special responsibility in the European Union and in China to stabilise, rebalance and improve our relationships, and not to add more problems to the already very troubled waters that we are witnessing,' Toledo said at a conference hosted by the Centre for China and Globalisation, a Beijing-based think tank. The call comes as economies – large and small – grapple with Trump's aggressive trade policy, particularly his ' Liberation Day ' tariffs against trading partners on April 2. But debates over the effectiveness of existing multilateral platforms go back further, with the failure of institutions such as the United Nations to address a range of crises, from the devastating impacts of climate change to the wars in Ukraine, Gaza and Sudan. 00:45 Trump says he can see himself dealing directly with Xi on US-China trade deal details Trump says he can see himself dealing directly with Xi on US-China trade deal details Smaller or developing countries in Africa, Asia and Latin America have also complained about the lack of representation on international platforms.
South China Morning Post
23-05-2025
- Business
- South China Morning Post
EU threatens to walk away from trade showdown with China over lack of progress
The European Union is willing to walk away from crunch trade talks with China if meaningful progress is not made, its ambassador to Beijing suggested on Friday. Advertisement The two sides are discussing the EU's tariffs on Chinese imports of electric vehicles with a view to setting a minimum price, as well as Chinese investments in the EV supply chain. However, the ambassador, Jorge Toledo, warned during a panel discussion: 'We are having technical negotiations in Brussels … They are not making progress. 'They are not making progress so much so that we were supposed to hold the high-level economic [and] trade dialogue, and I'm afraid we are not going to hold it because … in order to hold it, we need progress. We need deliverables.' The economic dialogue is one of a series of meetings supposed to take place in the run-up to a summit slated for July 24 in Beijing. Advertisement These preliminary events are supposed to be used to agree the agenda for the summit and produce outcomes that the leaders can announce – at least in theory, although in recent years the main event has seen more sparring than deal making.
Bloomberg
09-05-2025
- Business
- Bloomberg
China Not Taking EU ‘Seriously' on Trade Issues, Envoy Says
China has been ignoring the European Union's concerns over trade issues for the past two decades, the bloc's top envoy said, underscoring the challenges Beijing faces in its campaign to warm ties between the two sides. Jorge Toledo, the EU's ambassador to China, said both trading partners need to address growing imbalances in their relationship to preserve ties in an 'insecure and unstable' world. Beijing hasn't done enough to address long-standing EU complaints about Chinese exports and its treatment of European companies, he added.
Free Malaysia Today
09-05-2025
- Business
- Free Malaysia Today
EU envoy says China not taking trade barriers seriously
EU's ambassador Jorge Toledo said China was not doing enough to create a fair-trading environment. (EPA Images pic) SHANGHAI : The European Union's ambassador said on Friday that China was not doing enough to create a fair-trading environment for EU companies, as the world navigates economic turmoil sparked by US tariffs. Beijing has said its ties with Europe bring 'precious stability' after US President Donald Trump unveiled sweeping tariffs on trading partners across the globe, with Beijing singled out for levies of up to 245% for some goods. But, the bloc has a fraught relationship with the Asian power, with EU countries imposing restrictions on Chinese investment on sensitive industries and levying extra tariffs on China's electric cars. 'We have not been taken seriously when it comes to trade barriers,' EU ambassador Jorge Toledo said at an event on Shanghai. 'Market access barriers are not going down. They're going up.' 'We strongly feel that we not only do not have a level playing field for our companies in China, that the situation is not improving… there is something that has to be done,' Toledo said. Beijing is the EU's second-largest trading partner after the US, but European companies have long complained that local firms receive favourable treatment in the Chinese market. A study last year found that European companies in China were facing challenges stemming from a politicised business climate. The 'general sentiment of uncertainty' was pushing three-quarters of European companies to review their exposure to China, the EU chamber of commerce found in the report.
Malay Mail
09-05-2025
- Business
- Malay Mail
EU envoy says China ignoring trade barrier concerns as Brussels pushes for fairer market access
SHANGHAI, May 9 — The European Union's ambassador said today that China was not doing enough to create a fair trading environment for EU companies, as the world navigates economic turmoil sparked by US tariffs. Beijing has said its ties with Europe bring 'precious stability' after US President Donald Trump unveiled sweeping tariffs on trading partners across the globe, with Beijing singled out for levies of up to 245 per cent for some goods. But the bloc has a fraught relationship with the Asian power, with EU countries imposing restrictions on Chinese investment on sensitive industries and levying extra tariffs on China's electric cars. 'We have not been taken seriously when it comes to trade barriers,' EU Ambassador Jorge Toledo said at an event on Shanghai. 'Market access barriers are not going down. They're going up.' 'We strongly feel that we not only do not have a level playing field for our companies in China, that the situation is not improving... there is something that has to be done,' Toledo said. Beijing is the EU's second-largest trading partner after the United States, but European companies have long complained that local firms receive favourable treatment in the Chinese market. A study last year found that European companies in China were facing challenges stemming from a politicised business climate. The 'general sentiment of uncertainty' was pushing three-quarters of European companies to review their exposure to China, the European Union Chamber of Commerce found in the report. — AFP
