Mercedes-Benz chief executive Ola Källenius has called on European Union leaders to drop punitive tariffs on Chinese electric vehicles. He believes such a protectionist move would have a negative impact on the automotive industry.
In October 2024, the EU raised tariffs on imports of Chinese electric vehicles to 45% following a sharp rise in sales. European officials argued that Chinese automakers were receiving unfair subsidies.
In response, China imposed anti-dumping duties on cognac and launched investigations into pork and dairy products.
Källenius noted that the introduced tariffs could cause serious damage to the industry and urged Brussels to seek a compromise with Beijing on repealing these measures.
He also emphasised that China has become an integral part of the global automotive supply chain, including raw materials, advanced chips and components.
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