Reported 8 months ago
The German automotive industry hopes that the EU's announcement of increasing tariffs on Chinese electric cars can be reversed through negotiations. The head of the Automotive Industry Association (VDA), Andreas Rade, expressed the importance of finding a solution through dialogue between the European Commission and China to avoid harming the EU's export economy significantly. The EU's decision to raise tariffs on Chinese electric cars was triggered by criticism of unfair competition due to widespread subsidies for Chinese manufacturers. However, a grace period has been set for negotiations before any new tariffs are implemented, with concerns about potential consequences for Germany's active automotive industry in China and European exports being raised.
Source: YAHOO