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09 May

Chinese could retaliate higher EU tariffs: Volkswagen boss

German carmaker Volkswagen has warned the European Commission that higher tariffs on China-made electric car imports could backfire. Speaking at the FT Future of the Car summit on Wednesday, Thomas Schäfer, chief executive of Volkswagen Passenger Cars, said increased tariffs on Chinese BEV imports could potentially lead to retaliation. He suggested that Beijing could act against international brands in China, such as Volkswagen, BMW and Mercedes-Benz. &ldqu…
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