Germany opposes EU tariffs on Chinese EVs, fearing trade war consequences for its auto industry.

Germany, led by Chancellor Olaf Scholz, is hesitant about supporting EU tariffs on Chinese electric vehicles (EVs), fearing potential trade war repercussions for its auto industry. As the EU prepares for a vote, German officials, including BMW's CEO, advocate against higher tariffs, citing threats to exports and market stability. Meanwhile, the German automotive sector seeks stronger cooperation with China, emphasizing collaboration over protectionism to address climate challenges and technological advancements.

October 01, 2024
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