Chinese automakers seek retaliatory tariffs on EU cars, state media reports

SHANGHAI/BEIJING/BERLIN: Chinese automakers dangle urged Beijing to hike tariffs on imported European gasoline-powered autos in retaliation for Brussels’ curbs on exports of Chinese-made EVs, the train-backed World Cases newspaper stated on Wednesday (Jun 19).

In a closed-door meeting on Tuesday additionally attended by European automobile companies, China’s auto substitute “known as on the executive to undertake firm countermeasures (and) instructed that clear consideration be given to raising the provisional tariff on gasoline autos with sizable-displacement engines”, primarily based on the parable.

The meeting, organised by China’s Ministry of Commerce, used to be held in Beijing and attended by SAIC, BYD, BMW, Volkswagen and its Porsche division, two folks with boom knowledge of the matter stated.

The major just of the meeting used to be to set rigidity on Europe and lobby in opposition to the tariffs Brussels introduced final week to defend its automobile substitute from Chinese opponents, they added.

The meeting used to be additionally attended by Mercedes-Benz, Stellantis and Renault, two separate sources accustomed to the matter told Reuters.