On October 6, Oliver Blume, the CEO of Germany’s Volkswagen AG (pictured), announced that he would like to discuss the proposed additional tariffs on Chinese-made electric vehicles (EVs) that the European Union (EU ) concluded that revisions should be considered to include investment. Photo taken in April in Beijing (2024 Reuters / Josh Arslan)
In an interview with German newspaper Bild Sunday, he said: “Instead of punitive taxes, we need to create mutual trust for investment. If you invest, create jobs and work with local companies, you will get transfer benefits. He should accept it.”
Blume said there was a risk that European carmakers would be hurt by China’s retaliatory tariffs.
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2024-10-07 07:07:51
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