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ZDK: Punitive tariffs increase the cost of mobility and slow down electrification

(ots) The Central Association of the Motor Vehicle Industry also takes a clear stance: punitive tariffs will further increase the cost of individual mobility and continue to hamper the already struggling electrification process.

Own Goal: A man works in the Tiexi plant of BMW Brilliance Automotive (BBA) in Shenyang. The ZDK fears an increase in the cost of mobility due to tariffs. | Photo: Pan YulongXinHua dpa
Own Goal: A man works in the Tiexi plant of BMW Brilliance Automotive (BBA) in Shenyang. The ZDK fears an increase in the cost of mobility due to tariffs. | Photo: Pan YulongXinHua dpa
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Johannes Reichel

The import tariffs on Chinese vehicles threatened by the EU Commission will, according to the Central Association of the German Motor Trade (ZDK), be to the detriment of customers. And additional hurdles will be created for the automotive trade, making the already declining business with e-mobility even more difficult.

"The ZDK views the European Commission's proposal to introduce punitive tariffs on Chinese automotive imports critically. Punitive tariffs are not a solution for fair global trade. We see disadvantages for consumers as the available products will become significantly more expensive. This will further deteriorate the already hesitant buying mood," says ZDK Vice President Thomas Peckruhn, spokesperson for brand trade in Germany.

And for the car dealers who have decided to take on a Chinese brand and have made investments for this, it is a blow to their business because these tariffs threaten to distort competition. Additionally, we see the risk that the probability of a Chinese counterreaction is to be assessed as very high. This would affect all exports for vehicles not produced in China and would mean a weakening of Germany as an economic location and of the manufacturers and suppliers based here.

Translated automatically from German.
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