German automakers fear tariff escalation

2024-10-31 9,091

German automakers fear that new European Union tariffs on Chinese electric vehicles (EVs) will inevitably lead to retaliation.

Last year, the export of cars and car parts from Germany to China was worth almost $30 billion, a large proportion of German auto firms’ turnover.

CGTN’s Peter Oliver spoke to some automakers.

#EU #EVs #ElectricVehicles #China