GBAF Logo
Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute - Finance news and analysis from Global Banking & Finance Review
Finance

Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute

Published by Global Banking & Finance Review

Posted on April 23, 2025

1 min read

· Last updated: April 23, 2025

Add as preferred source on Google

Mercedes CEO Seeks Fair EU Solution for China EV Tariffs

SHANGHAI (Reuters) -Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an "equitable solution" to create a level-playing field for China-made electric vehicles in Europe.

A pure tariff barrier was the "crudest instrument" that could be applied, he told reporters on the sidelines of the Shanghai auto show.

(Reporting by Victoria Waldersee; Writing by Brenda Goh; Editing by Jamie Freed)

Key Takeaways

  • Mercedes CEO urges EU for fair China EV tariff solution.
  • Tariff barriers seen as a crude instrument by Mercedes.
  • The call was made during the Shanghai auto show.
  • Focus on creating a level-playing field in Europe.
  • Ola Källenius emphasizes equitable solutions.

Frequently Asked Questions

What is the main topic?
The main topic is the call by Mercedes CEO for the EU to find a fair solution to the tariff dispute over China-made electric vehicles.
Why is the tariff issue important?
The tariff issue is crucial as it affects the competitiveness of China-made electric vehicles in the European market.
What did Ola Källenius say about tariffs?
Ola Källenius described tariff barriers as the crudest instrument and urged for equitable solutions.

Related Articles

Image for Austrian protesters shut vital motorway connecting Germany to Italy

Austrian protesters shut vital motorway connecting Germany to Italy

Image for Russia recalls envoy to Armenia over EU ties ahead of vote

Russia recalls envoy to Armenia over EU ties ahead of vote

Image for Italy bans Kanye West, Travis Scott concerts over security concerns

Italy bans Kanye West, Travis Scott concerts over security concerns

Image for Flights halted at Munich Airport over possible drone sighting, media report

Flights halted at Munich Airport over possible drone sighting, media report

Image for BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports

BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports

Image for Castlelake mulls possible offer for British budget carrier Easyjet

Castlelake mulls possible offer for British budget carrier Easyjet

More from Finance

Explore more articles in the Finance category

Image for UK banks still lack access to Mythos AI model, BoE's Bailey says
UK banks still lack access to Mythos AI model, BoE's Bailey says
Image for Activists protest French state's surprise major stake in TotalEnergies outside AGM
Activists protest French state's surprise major stake in TotalEnergies outside AGM
Image for Swiss federal prosecutors probe terror links to knife attack
Swiss federal prosecutors probe terror links to knife attack
Image for Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules
Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules
Image for Britain to step up subsea cable protection on rising Russian threat
Britain to step up subsea cable protection on rising Russian threat
Image for Putin says it's too early to say if the drone which strayed into Romania was Russian
Putin says it's too early to say if the drone which strayed into Romania was Russian
Image for Russian Oreshnik missile fired in January was nine years old, Ukrainian experts say
Russian Oreshnik missile fired in January was nine years old, Ukrainian experts say
Image for Iran calls for actions not words after US officials say peace deal is near
Iran calls for actions not words after US officials say peace deal is near
Image for Russian-led economic union to look at suspending Armenia over EU ambitions
Russian-led economic union to look at suspending Armenia over EU ambitions
Image for Gazprom Neft says Q1 profit down 3.5% y/y
Gazprom Neft says Q1 profit down 3.5% y/y
Image for Russia's diesel output falls a further 10% in May after drone attacks, data analysis shows
Russia's diesel output falls a further 10% in May after drone attacks, data analysis shows
Image for Estonia clears Tesla FSD for roads, company says rollout to begin soon
Estonia clears Tesla FSD for roads, company says rollout to begin soon
View All Finance Posts