Transport Minister Wissing cautions against trade war with China over e-car tariffs.
The German car industry harshly criticized the Brussels decision. Hildegard Müller, the president of the Association of the German Automotive Industry (VDA), called it "another step away from global cooperation." This could potentially result in a worldwide trade conflict. Increasing import tariffs wouldn't make the European car industry more competitive.
The Chinese Chamber of Commerce in the EU (CCCEU) expressed their shock and disappointment. They believe the EU is implementing a protectionist trade policy.
Initially, the Brussels authority stated that their ongoing competition investigation concluded that electric cars in China received "unfair subsidization." They planned to raise the existing tariffs by 17.4 to 38.1 percent for various manufacturers from their previous 10 percent.
At first, the Commission will try to solve the issue through negotiations with Chinese authorities and companies. If no effective solution is found, higher tariffs could be implemented starting July 4th.
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- Volker Wissing, the German Minister of Transport, expressed concern about the possibility of a trade war with China over e-car tariffs.
- Hildegard Müller, the president of the FDP-affiliated VDA, criticized the EU Commission's decision as another step away from global cooperation.
- According to the EU Commission, electric cars in China receive "unfair subsidization," leading to their plan to increase import tariffs for various manufacturers from 10% to 17.4-38.1%.
- The Chinese Chamber of Commerce in the EU (CCCEU) believes the EU is implementing a protectionist trade policy, expressing shock and disappointment.
- If negotiations between the EU Commission and Chinese authorities and companies fail to produce an effective solution, higher tariffs on electric cars could be implemented starting July 4th.
- The German car industry has harshly criticized the Brussels decision, potentially leading to a worldwide trade conflict.
- The ongoing competition investigation by the EU Commission concluded that electric cars in China received "unfair subsidization," triggering their plan to raise tariffs.
- Increasing import tariffs on electric cars wouldn't make the European car industry more competitive, according to the harsh criticism from the German car industry.
