Tariffs on electric cars: VW boss warns of consequences for German exports

Tariffs on electric cars: VW boss warns of consequences for German exports

Things are simmering in the automotive industry: The Volkswagen Group is facing possible challenges in connection with the European Union's recent political decisions. After the approval of additional tariffs on electric vehicles from China, Oliver Blume, CEO of VW, expressed concern about possible countermeasures from Beijing. According to Blume, there is a risk that the Chinese government will impose tariffs on German cars that are exported or produced in China, which could significantly harm the automotive industry in Germany.

“This risk is definitely present if these unilateral tariffs are implemented,” explained Blume in an interview with “Bild am Sonntag”. The looming end of October deadline for these tariffs to come into force is causing additional nervousness. The CEO believes that it is important that the German government takes a clear position against tariffs in the EU. “My hope is that Brussels will come to an agreement with the Chinese side and reach a fair solution for both sides,” continued Blume.

Consequences for Volkswagen and the Chinese market

If the additional tariffs of up to 30 percent actually occur, this could have serious consequences for VW on the important Chinese market. Blume emphasized the possible disadvantages for the group that could result from such new regulations. “We would have significant disadvantages on the Chinese market,” he warned, making it clear that VW was firmly against this type of regulation.

One approach to resolving this tense situation could be to positively consider investments on both sides. “Anyone who invests, creates jobs and works with local companies should have advantages when it comes to tariffs,” demanded Blume. This would not only apply to China, but also to other regions in which VW is active.

To a specific question about whether Chinese manufacturers should produce their electric cars in Germany without punitive tariffs, Blume answered in the affirmative. “Yes, that would be an approach,” he explained. “This would apply not only to companies from China, but also from other regions that invest in Europe and thus have a positive impact on the economy.”

How these developments will develop in the near future remains to be seen. VW faces a complex international trading environment marked by political and economic tensions. In an increasingly globalized market, it is essential that companies act strategically to respond to such challenges. The coming weeks could be crucial in determining how this conflict between the EU and China is resolved and what impact this will have on the automotive sector.

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