Mercedes-Benz CEO Calls for Delay in EU Tariffs on Chinese Electric Vehicles

Ola Källenius argues that the proposed tariffs could harm EU competitiveness and urges extended negotiations for a fair trade solution.

Mercedes-Benz CEO Ola Källenius has voiced opposition to the European Union's planned tariffs on Chinese electric vehicles, advocating for more free trade.
German Chancellor Olaf Scholz supports this stance, emphasizing that German automakers should not fear competition from China.
The EU plans to impose tariffs due to alleged unfair subsidies by China, but Germany voted against these measures fearing retaliation.
German automakers like Mercedes-Benz and BMW are concerned about potential trade disputes affecting their substantial profits from the Chinese market.
The proposed tariffs, set to take effect in November, could be halted if the EU and China reach a timely negotiation agreement.