Volkswagen CEO warns of retaliatory tariffs from China: Bild

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Volkswagen Chief Executive Oliver Blume would like an alternative to imposing tariffs of electric vehicles from China as he prepares for possible retaliation from Beijing, newspaper Bild am Sonntag ...

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And that is why we are clearly opposed to such new rules.” Companies that invest in Europe and create jobs should be eligible for benefits, such as exemptions from tariffs, Blume said. The European Union on Friday voted for tariffs as high as 45% on Chinese EVs. If China decides to retaliate, Volkswagen cars made in China could suffer alongside German exports including Audi, Porsche   or Lamborghini, he said. 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And that is why we are clearly opposed to such new rules.” Companies that invest in Europe and create jobs should be eligible for benefits, such as exemptions from tariffs, Blume said. The European Union on Friday voted for tariffs as high as 45% on Chinese EVs. If China decides to retaliate, Volkswagen cars made in China could suffer alongside German exports including Audi, Porsche (OTCPK:POAHY) (OTCPK:POAHF) or Lamborghini, he said. 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