BMW AG is advocating for the German government to reject proposed European Union tariffs on Chinese-made electric vehicles, emphasizing the potential negative impact on global trade. On October 2, 2024, BMW CEO Oliver Zipse stated that increased tariffs could harm globally active companies in Germany and lead to a trade dispute that would benefit no one. His comments reflect concerns shared by other German automakers about maintaining strong ties with their largest market.
Zipse urged the government to take a definitive stance against the tariffs, highlighting the importance of international cooperation in the automotive sector. The looming decision on tariffs has significant implications for the EU-China trade relationship and could influence the broader global economy.
This call to action comes at a time when trade tensions are already heightened, and the automotive industry is facing challenges related to supply chains and market access.