Hyperdrive
VW CEO Sees Threat of Retaliatory Tariffs From China, Bild Says
- Blume proposes exempting certain companies from tariffs
- EU targets Chinese-made EVs over claims of unfair subsidies
Oliver Blume
Photographer: Alexander Hassenstein/Getty ImagesThis article is for subscribers only.
Volkswagen AG Chief Executive Officer Oliver Blume hopes for an alternative solution to tariffs on Chinese electric vehicles as he braces for potential retaliation from Beijing, Bild am Sonntag reported.
“Possible punitive tariffs would be particularly risky for the German automotive industry,” Blume told the Berlin-based newspaper. “We would face significant disadvantages in the Chinese market. And that is why we are clearly opposed to such new rules.”