EU import tariffs: VW boss Blume warns of Chinese reactions!

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Von: WOM

The latest developments in the automotive industry pay new attention between the relationship between Europe and China. After the EU has decided to raise additional tariffs on Chinese electric cars, Oliver Blume, CEO of Volkswagen AG, expresses his concern about Beijings' possible reactions. In an interview with the "Bild am Sonntag", he describes the impending danger that China could introduce tariffs to German vehicles in response.

flower refers to the current situation and explains: "This risk is definitely available if these one -sided tariffs should be implemented." He also emphasizes the urgency that the German government takes a clear position towards the tariffs in the EU. "We still have time until the end of October before they are supposed to come into force. My hope is that Brussels still agreed with the Chinese side and reached a fair solution for both sides," he adds.

Follow for Volkswagen and the Chinese market

The forecast surcharges of up to 30 percent on German cars in China could have serious effects on the VW group. Blume warns that such regulations result in "clear disadvantages in the Chinese market" for Volkswagen. In order to meet these challenges, Blume speaks decisively against the planned new tariffs.

In his opinion, the political measures should not aim to increase tariffs, but to promote investments in both markets. "Anyone who invests, creating jobs, working with local companies should have advantages in the tariffs," argues the head of the CEO. This approach could lead to companies that actively contribute to the local economy are promoted.

A specific question of whether Chinese manufacturers should produce electric cars in Germany without punitive tariffs, Blume makes clear: "Yes, that would be an approach." Accordingly, it would not only be important for Chinese companies, but also for companies from other regions that invest in Europe. In this way, they could contribute to economic development and benefit from a positive interest structure.

The coming weeks will be crucial for whether an agreement between the EU and China can be achieved, which both sides take into account. The dynamics of these negotiations will not only shape the automotive industry, but also influence geopolitical relationships between the two economic powers. Further details on this topic can be found in a detailed report on www.magdeburger-news.de .