volkswagen ceo: eu should let chinese car companies invest instead of imposing tariffs
2024-10-06
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on october 4, local time, the european union voted to adopt a tariff proposal against china, causing concern among european automakers. according to a reuters report on the 6th, volkswagen group ceo oliver blum told german media that day that the eu should consider adjusting tariffs on chinese electric vehicles. instead of imposing punitive tariffs, it should promote chinese companies to invest in europe. bloom worries that imposing additional tariffs on chinese electric vehicles may lead to countermeasures from china.
on the 4th, eu member states voted 10 in favor, 5 against, and 12 abstentions to approve the proposal to impose countervailing tariffs on chinese electric vehicles. the eu currently imposes a 10% tariff on chinese electric vehicles. according to the final draft pre-disclosure on august 20, the eu plans to impose a superimposed tariff of 17% to 36.3% on imported electric vehicles manufactured by chinese companies.
the european commission issued a statement after the vote, saying that the tariff proposal against china has received the "necessary support" from eu member states and that the final implementation regulations for the additional tariffs will be announced by october 30 at the latest, which will include the european commission's tariffs on china. the final results of the so-called countervailing investigation on electric vehicles and relevant regulations will take effect from the next day.
but the result sparked concern and dissatisfaction among major european automakers. mercedes-benz group responded quickly, saying the tariffs were a mistake. volkswagen asked the european commission to reach a negotiated solution with china before the tariffs take effect.
a spokesman for the chinese ministry of commerce stated on the 4th that china firmly opposes the eu’s final draft ruling, but also notes the eu’s political will to continue to resolve the issue through negotiations. the china-eu technical team will continue negotiations on october 7. china hopes that the european side will clearly realize that imposing additional tariffs will not solve any problems, but will only shake and hinder the confidence and determination of chinese enterprises in investing and cooperating with europe. china urges the eu to truly demonstrate its political will and return to the right track of resolving trade frictions through consultations. china will also take all measures to firmly safeguard the interests of chinese enterprises.
editor: yu hanjing
editor: fan yanfei
