German carmakers such as Volkswagen and BMW are increasingly warning about the potential negative consequences of EU tariffs for the long-term competitiveness of the European car industry, but also for their own operations in China. ADVERTISEMENT German carmaker Volkswagen recently criticized the EU’s plans to impose import duties of up to 38% on Chinese electric … Read more
Brussels accuses Beijing of giving its carmakers huge subsidies, leading to artificially low prices and unfair competition. ADVERTISEMENT The European Commission has confirmed what seemed a preconceived conclusion: it will impose high tariffs on electric vehicles (BEVs) produced in China from 5 July. This is a major decision that will redefine relations with Beijing and … Read more
German automakers such as BMW, Mercedes-Benz and Volkswagen could be hit hard by retaliatory tariffs because they all have huge production plants in China. ADVERTISEMENT Germany could try to stop the European Union from imposing higher tariffs on Chinese electric vehicles (EVs), which will reportedly come into effect on July 4, or at least weaken … Read more