The VDA car association disapproves of the decision and worries about a potential trade dispute.
The German Automobile Organization (VDA) expressed concern over increased taxes on electric vehicles from China imposed by the EU. The VDA urged China's government to engage in dialogue. These extra duties, ranging from 28.1% to 38.1% on top of the initial import tax of 10%, represent a step further away from international collaboration, stated the VDA on Wednesday.
"This measure adds to the risk of an escalating global trade war," said VDA's President, Hildegard Müller. "The potential harm that might arise from these steps could be greater than the possible gain for the European and specifically the German automobile sector."
The German automotive sector backs free and unbiased trade and opposes trade barriers enforced by tariffs or market-distorting subsidies. China's subsidies are a hurdle, according to the VDA, as indicated by the EU's recent decision. "China's government is, therefore, urged to indicate a readiness to engage in talks while considering the reality of the situation."
