Chinese automakers call on Beijing to raise tariffs on imported European gasoline cars in response to EU's limitations on Chinese EVs, aiming for firm countermeasures.
The meeting, convened by China's Ministry of Commerce with industry players like SAIC, BYD, BMW, Volkswagen, and Porsche, sought to pressure Europe against recent tariff actions, attempting to protect the Chinese auto industry.
European carmakers like Mercedes-Benz, Stellantis, and Renault, were also present as both Chinese and European interests may seek a deal to prevent increased costs for Chinese EV manufacturers amid escalating tensions.
The potential tariff war between the EU and China prompted the European Commission to consider finding a mutual resolution, amidst concerns over China's economic model and debt-driven development strategy.
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