Pretty chapter and verse, the story as is at this point in time, the effect and subsequent talks yet to follow through.EU presses ahead with Chinese EV tariffs after divided vote
(In a pivotal vote on Friday, 10 EU members backed tariffs and five voted against, with 12 abstentions)
The region's biggest economy and major car producer, Germany, voted against the proposal, sources said on Friday.
The EU executive said it had obtained "the necessary support" to adopt the tariffs, although it would continue talks with Beijing to find an alternative solution.
https://www.reuters.com/business/autos- ... 024-10-04/
With Europe's car industry already in partnerships and taking stakes in Chinese battery and automakers, and inward Chinese investment to "build them in Europe" already taking place, and European Countries looking to attract new factories and jobs to their patch, a trade war with China is more likely to bankrupt the European Auto Industry than save it. There are mutual benefits to be had, and the EU having authority to implement those tariffs across the single market may prove to be a useful negotiating stance, time will tell.
The biggest powerhouse of European auto-making Germany voted against of course, reflected in the comments reported from BMW.
NeilBMW (BMWG.DE), Chief Executive Oliver Zipse described the vote as "a fatal signal for the European automotive industry".