Hyperdrive
Mercedes, BMW Urge Germany to Vote Against China EV Tariffs
- EU tariffs could provoke trade dispute, automaker CEOs warn
- German government signals it will abstain from levies vote
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Mercedes-Benz Group AG and BMW AG are pressing Berlin to vote against imposing significantly higher European Union tariffs on Chinese-made electric vehicles as German carmakers push to avoid a spat with their most important market.
“The EU should seek a negotiated solution with China instead of imposing tariffs,” Mercedes-Benz Chief Executive Officer Ola Källenius said in a statement Wednesday. A ‘no’ vote from the German government would be a signal of this and would help avoid a trade conflict, he added.