The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe, according to Reuters. “Instead of punitive tariffs this should be about mutually giving credit for investments. Those who invest, create jobs and work with local companies should benefit when it comes to tariffs,” VW CEO Oliver Blume told Sunday paper Bild am Sonntag an interview. The European Union will press ahead with tariffs on China-made electric vehicles, the EU executive said on Friday, the publication notes.
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