Is a trade war brewing? Chinese carmakers want anti-Europe tariffs

20 June 2024, 12:36 pm

Fleet Auto News
Is a trade war brewing? Chinese carmakers want anti-Europe tariffs
Image: CarExpert
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Is a trade war brewing? Chinese carmakers want anti-Europe tariffs
Image: CarExpert

AutoExec Summary
Chinese carmakers are urging Beijing to increase tariffs on European combustion-powered vehicles in retaliation for the additional tariffs imposed on Chinese electric vehicles by Europe. The meeting, organised by China’s Ministry of Commerce, included representatives from various automotive companies. The aim was to pressure the European Commission and lobby against the recent tariffs. European trade policy has become more protective due to concerns about Chinese competition. The European Commission is investigating whether Chinese carmakers received government subsidies. Germany has warned against imposing illegal customs barriers.

Brands mentioned: MG, LDV, SAIC, BYD, BMW, Volkswagen, Porsche, Mercedes-Benz, Stellantis, Renault, BYD, Mercedes-AMG, China Merchants Bank International, Porsche.

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