Reported 11 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