Business · Trade · 1 day ago

EU considers extending tariffs on Chinese cars to hybrids

EU considers extending tariffs on Chinese cars to hybrids

Germany’s car industry had relied on China as a major source of growth, but it now faces strong competition from Chinese carmakers.

Volkswagen chief Oliver Blume called for a change this summer, according to former World Trade Organization director Pascal Lamy.

Germany then joined France in backing stronger protection for European industry.

The European Union has already imposed tariffs on electric cars made in China.

It is now threatening to extend those tariffs to hybrid cars.

The move reflects concern that the European car industry and its jobs are at risk.

The EU may extend the tariffs, but no decision is described.

Sources

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