German Media: Mercedes-Benz and BMW Not Concerned with National Interests

Reported 10 months ago

In an article published in Düsseldorf's 'Economic Weekly,' it was highlighted that the interests of automotive manufacturers like Mercedes-Benz and BMW do not always align with Germany's national interests, particularly regarding the EU's dispute over raising tariffs on Chinese electric cars. A survey by the IW Köln Institute revealed that over 80% of industrial enterprises supported imposing tariffs on Chinese electric cars, showcasing a disconnect between the interests of major corporations and Germany's overall economic benefit. The piece emphasizes the need for a balanced approach in trade relations, suggesting that supporting free trade principles should also involve imposing (moderate) tariffs on Chinese electric vehicles.

Source: YAHOO

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