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chairman of the volkswagen group management board warns the eu: rather than imposing tariffs, it is better to give investment trust

2024-10-06

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[global network report, trainee reporter chen yitong] the european union voted on october 4, local time, to impose additional tariffs on chinese electric vehicles. according to a reuters report on october 6, obermühne, chairman of the board of management of the german volkswagen group, said in an interview with german media that the eu should consider adjusting its plan to impose tariffs on chinese electric vehicles to allow chinese companies to invest in europe.

according to the report, obomu said in an interview with germany's "bild am sonntag" that instead of imposing tariffs, "it is better to give each other investment trust. those companies that invest, create jobs, and cooperate with local companies should benefit in terms of tariffs."

obermu also warned that china's countermeasures may harm the interests of european car manufacturers.

according to a previous report by agence france-presse, multiple diplomats from europe said that despite strong opposition led by germany, eu member states still voted to impose high tariffs on chinese electric vehicles on the 4th. according to reports, 10 countries, including france and italy, support imposing tariffs of up to 35.3% on top of the original 10% tariff. five countries, including germany and hungary, voted against, while 12 countries abstained from voting.

many parties in europe strongly oppose the eu's increase in tariffs on chinese electric vehicles. they believe that this move is not conducive to improving the competitiveness of european car companies and does not contribute to the eu's green transformation goals. they call for continued consultation with china. after the vote, german carmaker volkswagen said in a press release that the planned tariffs were the wrong approach and would not improve the competitiveness of the european auto industry. bmw group chairman zipzer said: "today's vote is a fatal signal for the european automobile industry. europe and china need to find a solution quickly to prevent a trade conflict that will only have losers in the end." mercedes-benz of germany - a spokesman for the mercedes-benz group said: "punitive tariffs can weaken the competitiveness of an industry in the long term."