The ongoing tariff war between the European Union and China was a major topic of discussion among visitors to the Stuttgart Automotive Management Summit, an event that brings together the most prominent figures in the European automotive business.
This dispute was one of the many challenges facing the automotive industry and focused delegates' attention on it.
The theme of the summit was "looking to the future", but the director general of the Institute for the Automotive Industry Stefan Reindl told CGTN that he is currently concerned about the presence of.
When it comes to electric cars, the main questions and concerns are about prices, with cars made in Europe being significantly more expensive than those made in China.
This has led the European Commission to push for tariffs of up to 45 percent on some Chinese electric vehicles imported into the EU.
Brussels claims that the subsidies given to Chinese producers create an uneven playing field. In response, Beijing called the tariffs unfair and the Chinese Ministry of Commerce said the situation had "seriously affected" cooperation between the two sides in the automotive industry.
Recently, the German Chancellor Olaf Scholz tariffs criticized. Skoda's CEO Klaus Zellmer told CGTN that he agrees and warned that tariffs on Chinese-made electric cars will eventually have a detrimental impact on the European car industry.
CRI / Gnews.cz - HeK
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