BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs

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BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs

Bloomberg10-02

Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union...

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KLKC
·10-02
Because of? In order to gain higher profit or afraid of losing out in global trade?
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In order to gain higher profit or afraid of losing out in global trade?&nbsp;","listText":"Because of? In order to gain higher profit or afraid of losing out in global trade?&nbsp;","text":"Because of? 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It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.</p><p>German officials signaled Tuesday that the government plans to abstain, rather than vote against it. It also expects a significant number of EU member states to join its abstention, according to people familiar with the government’s thinking, which could make it more difficult to block implementation of the tariffs.</p><p>More broadly, Germany has made clear it hopes for a negotiated solution in ongoing talks between the EU and China.</p><p style=\"text-align: start;\">German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to discuss the tariffs in Berlin on Wednesday.</p><p style=\"text-align: start;\">The European Commission, the bloc’s executive arm, proposed the levies after a probe found that China unfairly subsidizes its EV industry.</p><p style=\"text-align: start;\">German car manufacturers have broadly rejected the tariffs, which they say could threaten sales in their biggest car market China if the country retaliates with counter-measures.</p><p style=\"text-align: start;\">Mercedes-Benz Group AG CEO Ola Källenius has led calls for open markets in the past months, with Volkswagen AG CEO Oliver Blume repeatedly voicing concerns on a potential trade spat with China.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.German officials signaled Tuesday that the government plans to abstain, rather than vote against it. 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