Car tariffs: This is how China now threa • Table.Briefings

Chinese punitive tariffs on European cars would particularly hit premium car manufacturer Porsche.

Beijing threatens to impose a 25 percent import tariff on gasoline-powered large engine vehicles. This will particularly hit German car manufacturers and ultimately benefit China’s electric brands.

Tariffs of 25 percent on cars with an engine displacement of more than 2.5 liters: China joins the global tariff arms race. Liu Bin’s proposal in an interview with the Communist Party-affiliated newspaper Global Times can be interpreted as a threat. After all, the chief expert at China’s state automotive research institute, the China Automotive Technology & Research Centre (CATARC), wields considerable influence over China’s automotive strategy. He advises the government on industry, subsidy and tax issues and has contributed to the development plan for the new energy vehicle industry (2021-2035).

Car tariffs: This is how China now threatens the Germans

Sign up now and continue reading immediately