German Automakers Wary Of Reprisals If EU Imposes Tariffs On Chinese Evs

10/11/2024 4:06:13 AM

(MENAFN- Investor Brand Network) German automakers say the Biden administration's move to levy 100% tariffs on electric vehicles made in China could lead to
reprisals from the Chinese government
if the European Union follows the U.S.'s example and imposes similar tariffs. The tariffs are part of a package of measures designed to protect U.S. manufacturers from more affordable Chinese imports and will be instrumental in preserving America's domestic auto industry as it transitions to electric vehicles.

With the EU dealing with an influx of cheap electric cars from China that are already making it difficult for European carmakers to compete in the...

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