EU's Planned Tariffs on Chinese EVs Stir Trade Tensions

Volkswagen CEO suggests investment-based tariff exemptions as EU-China trade dispute escalates.

Volkswagen CEO Oliver Blume advocates for tariff exemptions for Chinese automakers investing in Europe.
The EU plans to impose tariffs up to 45% on China-made electric vehicles, starting next month for five years.
Germany and its carmakers oppose the tariffs, highlighting a significant rift within the EU.
China's Commerce Ministry condemns the tariffs as unfair and has challenged them at the World Trade Organization.
Xinhua warns the tariffs could harm EU-China relations and undermine Europe's green transition goals.