BMW urges Germany to oppose EU tariffs on Chinese EVs
BMW AG is urging the German government to oppose significantly higher EU tariffs on Chinese-made electric vehicles, joining other German carmakers concerned about potential trade disputes with their key market, China. BMW CEO Oliver Zipse emphasized that additional tariffs would harm global companies and could spark a trade conflict with no winners. The EU is set to vote tomorrow on imposing tariffs as high as 45% on imported Chinese EVs, requiring a qualified majority to block them. While Germany has signaled plans to abstain rather than vote against the tariffs, the government hopes for a negotiated solution in ongoing EU-China talks. German carmakers, including Mercedes-Benz and Volkswagen, have voiced opposition, fearing that China may retaliate and threaten sales in the crucial Chinese market.